Using Figure 2.10, demonstrate that Smith has a stronger ?taste? for leisure and a weaker ?taste? for
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Using Figure 2.10, demonstrate that Smith has a stronger ?taste? for leisure and a weaker ?taste? for work than Jones. What factor(s) might underlie this difference in tastes? Redraw Smith?s indifference curves to show the case where she would rather be a nonparticipant than work the standard HD workweek.
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Contemporary Labor Economics
ISBN: 978-1259290602
11th Edition
Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson
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