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

Exercise 22

Using Figure 2.10, demonstrate that Smith has a stronger "taste" for leisure and a weaker "taste" for work than Jones. What factor(s) might underlie this difference in tastes Redraw Smith's indifference curves to show the case where she would rather be a nonparticipant than work the standard HD workweek.