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Suppose a worker is offered a wage of $ 5 per hour, plus a fixed payment of $ 40. What is the equation for the worker's opportunity set in a given 24 hour day? what are maximum total earning the worker can earn in a day? The minimum? what is the price to the worker of consuming an additional hour of leisure?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940103

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