Question: Participation in the labor force is a personal decision that can be illustrated using indifference curves and budget constraints.
A. Explain and show graphically why a person with non-labor income may choose not to participate in the labor force, relating this decision to the concept of the reservation wage.
B. Explain and show graphically why a person may choose to "moonlight" or to work additional part-time hours.
C. Explain and show graphically how unpaid absenteeism may be related to requirements that people work a standard 40-hour work week.