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Which of the following statements regarding the budget set in our labor supply model is true? (A) Total consumption in the labor supply model equals
Which of the following statements regarding the budget set in our labor supply model is true? (A) Total consumption in the labor supply model equals wT (B) When total hours spent at home equal the total time available, h = T, consumption equals 0. (C) When total hours spent at home equal the total time available, h = T, labor supply equals 0. (D) Labor supply cannot exceed time spent at home
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