Demand for health capital; consumer choice; market equilibrium analysis

Jul 3rd, 2015
Business Finance
Price: $10 USD

Question description


1. Suppose that John could work 365 days per year and could earn $200 per day for each day he worked.  Draw his budget line with respect to his labor-leisure choice.

2. Suppose that John chooses to work 200 days per year.  Draw the appropriate indifference curve, and note his equilibrium wage income and labor-leisure choices

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(Top Tutor) Paul M
School: Carnegie Mellon University

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