Need help on microeconomics. x axis is the leisure hours Leandro has 16 hours per day to
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Need help on microeconomics.
x axis is the leisure hours
Leandro has 16 hours per day to divide between work and leisure.What was Leandro's wage when he was on Budget Line 1 (B1)?
Leandro has 16 hours per day to divide between work and leisure.What was Leandro's daily income when he was on Budget Line 1 (B1)?
Leandro has 16 hours per day to divide between work and leisure.What was Leandro's wage after his wage changed and he was on Budget Line 2 (B2)?
Leandro has 16 hours per day to divide between work and leisure.Which effect is stronger for Leandro?The income effect or the substitution effect?
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