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What is Amelia's employment rent over a 3-year period (assuming 52 weeks per year with no vacation time) if... A working week includes 35 hours
What is Amelia's employment rent over a 3-year period (assuming 52 weeks per year with no vacation time) if... A working week includes 35 hours of work per week regardless of the job Her current job pays $15 per hour Her disutility of work is equivalent to $2 per hour in her current job If she becomes unemployed, she expects that it will take 25 weeks to find a new job While unemployed, her net utility would be equal to $7 per hour (unemployment insurance other income net utility of unemployment). She expects that the new job would pay $12 per hour and have disutility equivalent to $2 per hour
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