Karen works at a fast food restaurant. When her wage rate was $10 per hour, she worked 30 hours per week. When her wage rose to $13 per hour she worked 40 hours per week. When her wage rose to $17 per hour, she decided to work $35 hours per week. a. Draw Karen's individual labor S curve b. Is Karen's behavior irrational or can you find a rational explanation. Explain your answer.

Karen works at a fast food restaurant. When her wage rate was $10 per hour, she worked 30 hours per week. When her wage rose to $13 per hour she worked 40 hours per week. When her wage rose to $17 per hour, she decided to work $35 hours per week. a. Draw Karen's individual labor S curve b. Is Karen's behavior irrational or can you find a rational explanation. Explain your answer.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: Earnings And Discrimination

Section: Chapter Questions

Problem 3PA

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