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MrsAngelD MrsAngelD
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Posts: 322
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6 years ago
Suppose a person's utility for leisure (L) and consumption (Y) can be expressed as
U = Y + L0.5. Assuming a wage rate of $10 per hour, show what happens to the person's labor supply curve when the person wins a lottery prize of $100 per day.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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#1
Posts: 267
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6 years ago
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* Majoring in business & math

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MrsAngelD Author
wrote...

6 years ago
Good timing, thanks!
aricketts6@
wrote...

Yesterday
Brilliant ツ
Zacellison
wrote...

2 hours ago
Thanks
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