Anya is awake for 100 hours per week. Using one diagram, show Anya's budget constraints if she

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Anya is awake for 100 hours per week. Using one diagram, show Anya's budget constraints if she earns $12 per hour, $16 per hour, and $20 per hour. Now draw indifference curves such that Anya's labor-supply curve is upward-sloping when the wage is between $12 and $16 per hour and backward-sloping when the wage is between $16 and $20 per hour.

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Principles of Economics

ISBN: 978-1305585126

8th edition

Authors: N. Gregory Mankiw

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