Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander

Exercise 11

What information is embodied in (a) an indifference curve and (b) the budget line in the work-leisure model Why are indifference curves (a) downwardsloping and (b) convex to the origin Draw an indifference map and budget line and locate a worker's optimal position.