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Shows an individual's budget constraint. Individuals receive regular wage rate as they work their regular hours, after which they receive overtime. $455 $230 $100 0
Shows an individual's budget constraint. Individuals receive regular wage rate as they work their regular hours, after which they receive overtime. $455 $230 $100 0 2 4 14 16 18 6 8 9 10 12 Leisure (hours) Based on the figure: O A. The regular hourly wage rate equals $25.00. OB. The regular hourly wage rate equals $17.14. OC. The regular hourly wage rate equals $13.33. OD. The regular hourly wage rate equals $18.57
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