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Liz has a wage rate of $14 per hour for the first 40 hours of work per week.If she does overtime, her wage rate is
Liz has a wage rate of $14 per hour for the first 40 hours of work per week.If she does overtime, her wage rate is $21, for hours over40 hours per week. U=R5C8
- Draw Liz's budget line and solve the optimal number of hours to work per week.
- Draw Liz's indifference curve.
- Should Liz work overtime?
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