Problem
Bessie, who can currently work as many hours as she wants at a wage of w, chooses to work ten hours a day. Her boss decides to limit the number of hours that she can work to eight hours per day. Show how her budget constraint and choice of hours change. Is she unambiguously worse off as a result of this change? Why?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.