(Answered) A consumer consumes food f and hours of leisure h the unit

Management Studies

A consumer consumes food f and hours of leisure h. The unit price of food is $1. In any day, the consumer earns wage rate $2 per hour for the first eight hours of work, and $3 per hour for additional overtime hours. He also pays 20% tax on labor income earned above $24. Draw his daily budget set.

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