Question
There are 720 hours in the month that you must divide between labor and leisure. Your hourly wage rate is $24, and you have $200
There are 720 hours in the month that you must divide between labor and leisure. Your hourly wage rate is $24, and you have $200 of non-labor income per month.
- What is your reservation wage?
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
