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In: Economics

1. Demonstrate how workers choose how much free time and how much consumption to have in...

1. Demonstrate how workers choose how much free time and how much consumption to have in a day using the example of an increase in the hourly wage rate.

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Expert Solution

so as the hourly wage rate rises, free time decreases and then start increasing after a particular wage rate

Rahul Sunny answered 2 years ago
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