Question
On the same graph, draw the indifference curves for two different people one (Mindy) who hates night work and one who only slightly dislikes nightwork
On the same graph, draw the indifference curves for two different people one (Mindy) who hates night work and one who only slightly dislikes nightwork (David). Have the x-axis be the share of night shifts 0 to 100%
b) Name a firm/industry where it is relatively cheap to eliminate night work and a similar firm/industry where it would be expensive to eliminate night work. Assume both firms would earn zero profits if the worker were to work nights 40% of the time and earned a wage of $15. Show the isoprofit curves that correspond to zero profits for these firms/industries.
c) According to your graph, which firm will David work for? Given the numbers on your graph, guestimate his wage rate and the share of night shifts.
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