Revenge of the NILFs
Multiple-choice (2 points each, 52 points total)
1. In the leisure-income model, the wage constraint shows
a. the points that maximize a workers utility b. all points that are equally preferred
Econ 482 - Labor Economics
University of South Dakota
Sally is more likely to work more hours, at any wage rate, than her sister Alice.
Compared to Sally, Alices indifference curves must be: