تم الحل ✓
categoryالكيمياء
schoolبكالوريوس
event_available2026-07-15
السؤال
Transcribed Image Text:
10
C
9
8
་
7
CO
6
LO
4
3
2
1
U = 20
U = 10
0
1
2 3 4 5 6 7 8 9
10
l
A. Draw a potential income constraint such that if T = 5, this person will not participate in the labour force.
B. Draw a potential income constraint such that this person's full income is $9 and maximum utility is 10. This person will
choose 1
hours of leisure.
C. Draw a potential income constraint such that this person will choose to work 3 hours out of a maximum possible 8. In this
case the person's full income is $ 9
and the wage rate is $ 3
This person achieves utility equal to
20
and their MRS at the optimal combination is 1
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