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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 diagrams in (a) and (b) to analyze and show graphically the change in work incentive facing workers who were working overtime (more than 8 hours) before this new law. You may use the same graph as in (a) and (b). (Note you must tell me what happens to work and leisure hours after the law change).

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9162450

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