draw and explain the life cycle path of hours worked for a person who, at age 40, suddenly wins 73 million dollar in the lottery.   What would be that life cycle path of hours worked if he always knew that he would win the lottery?

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST8: Earnings Differences Between Men And Women
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Please draw and explain the life cycle path of hours worked for a person who, at age 40, suddenly wins 73 million dollar in the lottery.

 

What would be that life cycle path of hours worked if he always knew that he would win the lottery?

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