Suppose a company pays its regular wage for employees working up to 40 hours a week, and overtime pay 50% greater(time and a half) for hours worked over 40 hours. Assuming employe es have full control on the number of hours they work, will many choose to work exactly 40 hours? Explain with an illu stration using indifference curve analysis.

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In a scenario where employees have full control over the number of hours they work and are paid over... View the full answer