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Labor economics question QUESTION 6 Suppose Lauren is given two options by her employer. First option: She may choose her own hours of work and

Labor economics question

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QUESTION 6 Suppose Lauren is given two options by her employer. First option: She may choose her own hours of work and will be paid the relatively low wage rate implied by budget line 1 in the accompanying diagram. Second option: She can work exactly the same number hours and will be paid the relatively high wage rate implied by budget line 1? . Which option will she choose? Justify your answer. For the toolba

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