a. Teen employment has dropped over the past few decades. Use the principles of utility maximization...

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a. Teen employment has dropped over the past few decades. Use the principles of utility maximization and the work/leisure tradeoffs to explain why a lower proportion of teens are working now compared to the previous decades. b. The average pay for women in the US is less than the average pay for men. Use at least two different ideas from microeconomics to explain why women might receive less pay than men. a. Teen employment has dropped over the past few decades. Use the principles of utility maximization and the work/leisure tradeoffs to explain why a lower proportion of teens are working now compared to the previous decades. b. The average pay for women in the US is less than the average pay for men. Use at least two different ideas from microeconomics to explain why women might receive less pay than men.

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a The lower proportion of teens working now compared to previous decades can be explained using the principles of utility maximization and the workleisure tradeoff Utility maximization suggests that i... View the full answer