(Answered) In addition to the wage rate which allows us to construct

Economics

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)?

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Macroeconomics, Economics

Category:- Macroeconomics
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