How many hours will bob want to work if his wage rate is


How many hours will Bob want to work if his wage rate is less than his reservation wage ____?

a. Graph this situation using the model of labor-leisure choice and explain

b. what would happen to bob's reservation wage if his mother started sending him $1000 each month and was willing to do so indefinitely?

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Business Economics: How many hours will bob want to work if his wage rate is
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