Suppose in country triniland employers are required to pay, Ask an Expert

Economics

Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.

Use your diagram in (a) and (b) to analyze and show graphically the change in work incentive facing working who were working 7 and 8 hours before the law change. If applicable, clearly specify any additional assumptions. Please draw a separate graph and tell me what happens to work/leisure hours.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9162445

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