On your diagram, illustrate and explain how the wage increase can lead them to have: more consumption and more free time . more consumption and less free time less consumption and more free time this is the diagram, are you able to make a copy of that and illustrate the answer 700 650 600 S50 480 400 300 250 200 150 SO 1-720 O 360 1 2 4 T 6 1 C c=200214-+) A 1 10 ( 12 1 14 BC=30(24-1) 1 1 16 18 462 IC₂ 20 22 24 slope-20

On your diagram, illustrate and explain how the wage increase can lead them to have: more consumption and more free time . more consumption and less free time less consumption and more free time this is the diagram, are you able to make a copy of that and illustrate the answer 700 650 600 S50 480 400 300 250 200 150 SO 1-720 O 360 1 2 4 T 6 1 C c=200214-+) A 1 10 ( 12 1 14 BC=30(24-1) 1 1 16 18 462 IC₂ 20 22 24 slope-20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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