What is the slope of the overtime portion of a worker’s labor/leisure tradeoff curve when the...

Question

Question

What is the slope of the overtime portion of a worker’s labor/leisure tradeoff curve when the wage is $16 and overtime premium is 50%?

business economics

Answer 1

Answer #1

Ans

Slope=vertical intercept/horizontal intercept

=(16+50% of 16) 24/24=24

Note vertical intercept=income from working and horizontal intercept is no. Of hours a worker can work

Answer 2

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