Here we will discuss the worker's budget line in the commodity space where dollars of consumption per week is on the vertical axis and hours of leisure per week is on the horizontal axis. Suppose the worker gets a raise and now earns $20 per hour and has 80 hours per week to devote to work and leisure. And the worker now receives weekly dividend income of $200. What is the slope of the worker's budget line?
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Here we will discuss the worker's budget line in the commodity space where dollars of consumption pe...
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