Explain the fact that typical person employed in production worked 55 hours per week in 1900, 40

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Explain the fact that typical person employed in production worked 55 hours per week in 1900, 40 hours in 1940 and 34 hours in 2010. Use income and substitution effects in your explanations? (10 marks)

Posted Date: Jun 12, 2024 10:06 AM

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