Sharmila has no other source of income except for her job at a cozy restaurant in a well-known university that pays Rp.5/hour. Since she is such a good worker, her boss lets her choose how many hours she wants to work each week as long as it is between one and 20 hours. (a) Graph Sharmila’s weekly budget constraint. (b) How many hours must Sharmila work to cover her weekly rent and food expenses which total Rp.75/week? (c) If Sharmila get a raise to Rp.7.5/hour but chooses to still work only enough to cover her rent and food expenses, now how many hours must she work?
Sharmila has no other source of income except for her job at a cozy restaurant in a well-known university that pays Rp.5/hour. Since she is such a good worker, her boss lets her choose how many hours she wants to work each week as long as it is between one and 20 hours. (a) Graph Sharmila’s weekly budget constraint. (b) How many hours must Sharmila work to cover her weekly rent and food expenses which total Rp.75/week? (c) If Sharmila get a raise to Rp.7.5/hour but chooses to still work only enough to cover her rent and food expenses, now how many hours must she work?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Sharmila has no other source of income except for her job at a cozy restaurant in a well-known university that pays Rp.5/hour. Since she is such a good worker, her boss lets her choose how many hours she wants to work each week as long as it is between one and 20 hours.
(a) Graph Sharmila’s weekly budget constraint.
(b) How many hours must Sharmila work to cover her weekly rent and food expenses which total Rp.75/week?
(c) If Sharmila get a raise to Rp.7.5/hour but chooses to still work only enough to cover her rent and food expenses, now how many hours must she work?
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