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Ethel has Cobb Douglass preferences. Consider three cases: Case A: Ethel has $800 in non-labor income Case B: Ethel has $800 in non-labor income and
Ethel has Cobb Douglass preferences. Consider three cases: Case A: Ethel has $800 in non-labor income Case B: Ethel has $800 in non-labor income and a fixed cost of work of $200 Case C: Ethel has $600. Rank her reservation wages in each of the cases: Group of answer choices A>B>C C>A>B C>A=B A=B>C B>A>C
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