Determine the optimal allocation of time

Assignment Help Macroeconomics
Reference no: EM131101929

In addition to the wage rate, which allows us to construct the constraint an individual faces in making his labor supply allocation, there is another piece of information that is necessary to determine the optimal allocation of time between work and leisure. What is it and how do we represent this information in a graph (You do not need to draw a graph to answer this question correctly)?

Reference no: EM131101929

Questions Cloud

Free trade equilibrium conditions : A) What are the free trade equilibrium conditions (equilibrium price and equilibrium quantity)? B) If there were to be an import quota of 200 units, then how would the equilibrium price and quantity change? C) How would you say that the quota has aff..
So tricky for a robot to get to location : Explain why it is so tricky for a robot to get to location g . You must explain what the current robot does as well as why it is difficult to make a more so- phisticated robot (e.g., one that follows the wall using the "right-hand rule": the robot..
What is the magnitude of his component of velocity : What is the magnitude of his component of velocity (m/s) perpendicular to the 45A?
Handling of estimating costs and budget : Using the CSU Online Library as well as your favorite search engine, conduct research on the Navy/Marine Corps Intranet project that was awarded on October 2, 2000 to Electronic Data Systems (EDS).
Determine the optimal allocation of time : What is it and how do we represent this information in a graph (You do not need to draw a graph to answer this question correctly)?
Media bias and propaganda in national and world news : Clearly identify the author, title of article, name of publication. Take notice of the type of article: local, national or international news story, editorial, or column, etc.
Compare and contrast the state and local programs : Identify three components of the diversionary programs and initiatives within the programs you identified. Compare and contrast the state and local programs. How well do they contribute to successful reintegration services?
Analyze one traditional gang and one neo-traditional gang : Prepare a 10-page paper that will compare and contrast (analyze) one traditional gang and one neo-traditional gang. The assignment will encompass gang structure, factors in gang membership, group dynamics, and aggression.
Compensation for change in the first period : What is the minimum level of v for which the union does not require any compensation for change in the first period? Interpret your result in light of the model studied in class. When does the model suggest that innovation will be stalled by a uni..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate market equilibrium - socially optimal equilibrium

Calculate the market and socially optimal equilibrium if supply is equal to Q=4 - Calculate the market equilibrium and the socially optimal equilibrium.

  What are the main benefits nd cost that should be enumerated

assume that you have been asked estimate the benefits associated with starting an ecotourism project where visitors will be given guided tours of a particularly rich habitat area. 1- what are the main benefits and cost that should be enumerated

  Opportunity to research two trading partners of australia

The purpose of this assignment is to provide you with an opportunity to research and analyse two trading partners of Australia

  Determine the current gdp growth rate for us

Determine the current GDP growth rate for the United State? Analysis the trend over the last few years. What stage of the Business Cycle would the United State economy be in currently given the trends?

  Where the u.s. economy is in the business cycle

What does the unemployment figure tell us about where the U.S. economy is in the business cycle? Explain.

  Culture to embrace crisis management

How can an organization change their culture to embrace crisis management? If you were the crisis management team leader, how would you encourage participation of your crisis management team in reviewing and exercising the crisis management plan?

  Multiple choice economics questions

Unemployment due to the length of time it takes to find employment upon entering the labor force or voluntarily between jobs is called

  Shops in california were owned by cambodian immigrants.

Discussed the story of Dalton, Georgia, and its role as the "carpet capital of the world." A similar story can be used to explain why some 60% of the motels in the United States are owned by people of Indian origin or why, as of 1995, 80% of do..

  What is buying and selling securities

What is buying and selling securities? What are the impacts on the economy of each?

  Basic economic problem of scarcity

All countries are faced with the basic economic problem of scarcity. Governmentscan intervene in their economies through the use of budgets.

  Explain relationship in total, average and marginal concepts

Explain the relationship between total, average, and marginal concepts and how these measures are important to optimization examine

  Difference between the keynesian and monetarist views

Explain the difference between the Keynesian and monetarist views on how an increase in the money supply causes inflation and why is the shape of the aggregate supply curve important to the Keynesian-monetarist controversy?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd