DHOwing statements are correct? Angela's reservation indifference curve, IC, 12- IC, 6.5 4.5 What Angela gets Feasible frontier Angela and Bruno combined 16 20 24 Angela's hours of free time The new outcome Fis Pareto efficient. O Both Angela and Bruno receive economic rents at F. O The change from D to Fis a Pareto improvement O As a result of the new law, Bruno has more bargaining power Bushels of grain 9,

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter19: Labor And Entrepreneurship: The Human Inputs
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Pls help with below homework.

In the Figure, Dand F are the outcomes before and after the introduction of a new law that limits Angela's work time to four hours a day
while requiring a minimum pay of 4.5 bushels. Based on this information, which of the following statements are correct?
Angela's reservation
indifference curve, IC,
12-
IC,
6.5
4.5
What Angela
gets
Feasible frontier
Angela and Bruno combined
16
20
24
Angela's hours of free time
The new outcome F is Pareto efficient.
O Both Angela and Bruno receive economic rents at F.
O The change from D to Fis a Pareto improvement
O As a result of the new law, Bruno has more bargaining power.
Bushels of grain
Transcribed Image Text:In the Figure, Dand F are the outcomes before and after the introduction of a new law that limits Angela's work time to four hours a day while requiring a minimum pay of 4.5 bushels. Based on this information, which of the following statements are correct? Angela's reservation indifference curve, IC, 12- IC, 6.5 4.5 What Angela gets Feasible frontier Angela and Bruno combined 16 20 24 Angela's hours of free time The new outcome F is Pareto efficient. O Both Angela and Bruno receive economic rents at F. O The change from D to Fis a Pareto improvement O As a result of the new law, Bruno has more bargaining power. Bushels of grain
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