Question
Labor Economics Assume that leisure(L) is a normal good. Show that if a worker's non-labor income decreases, his reservation wage decreases as well. No specific
Labor Economics
Assume that leisure(L) is a normal good. Show that if a worker's non-labor income decreases, his reservation wage decreases as well.
No specific instructions but a short answer question with graphs
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Economics
Authors: John Sloman, Jon Guest, Dean Garratt
10th edition
1292187859, 9781292187907 , 978-1292187853
