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Maximum possible effort Worker's best response curve when expected unemployment duration is 44 weeks I 3 O .C h O) Q 3: O a: LLI

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Maximum possible effort Worker's best response curve when expected unemployment duration is 44 weeks I 3 O .C h O) Q 3: O a: LLI 0 6', 12 24 Reservation Hourly wage (5) wage The employer's MRT The slope of the best response curve is the employer's marginal rate of transformation of higher wages into more worker effort

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