Question: a ) Describe how basic microeconomic tools such as indifference curves and budget constraints can contribute to an understanding of how individuals choose how much
a Describe how basic microeconomic tools such as indifference curves and budget constraints can contribute to an understanding of how individuals choose how much labour to supply to the paid labour market. marks
b Discuss some of the difficulties that might be encountered in trying to apply these tools to the labour supply issues and decisions that confront individuals and householdsfamilies Briefly comment on how some of these difficulties might be addressed. marks
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