How many hours will a person allocate to leisure actions if

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Reference no: EM13460432

Q1. How many hours will a person allocate to leisure activities if her indifference curves between consumption and goods are concave to the origin?

Q2. What is the effect of a rise in the price of market goods on a worker's reservation wage, probability of entering the labor force, and hours of work?

Reference no: EM13460432

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