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Category > Economics Posted 22 Jun 2017 My Price 4.00

Perry earns a wage

1.      ) Suppose Perry earns a wage of $18/hour, a $0/week endowment, and can set his own schedule. Also, Perry receives overtime wage of “time and a half” for hours worked between 40 and 60 in a week, and overtime wage of “double time” for hours worked above 60 in a week.  For a typical 168 hour week, modeling Perry’s choice set over (Leisure, $), what will be the vertical intercept of this choice set? (Enter only the number, not a $ sign). 

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SuperTutor
(15)
Status NEW Posted 22 Jun 2017 05:06 AM My Price 4.00

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file 1498110485-Solutions file.docx preview (56 words )
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