Use Indifference Curve and Constraint Analysis to Analyze the Behavior

Essay

Use indifference curve and constraint analysis to analyze the behavior of employees who are paid
a.An hourly wage rate of $4 per hour.
b.A fixed hour wage of $4 per hour; plus an overtime bonus of $4 for every hour worked in excess of eight hours.
c.A fixed salary of $40 per day, plus $4 for each hour worked.
d.Which of the above schemes would yield the largest number of hours worked? Explain.