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Illustrate and examine how the individual supply of labor curve demonstrates the way an individual divides his/her time between work and leisure. (13) The individual
Illustrate and examine how the individual supply of labor curve demonstrates the way an individual divides his/her time between work and leisure. (13)
The individual supply of labor curve has a very unique and specific shape that illustrates this relationship that an individual chooses between their work and leisure time. Elaborate/discuss this point. Mark scheme - 5 marks for diagram; 8 marks for discussion
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