Wage rate an accurate reflection of the value of your time

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Suppose you prefer working 40 hours per week to 20 hours, and prefer working 32 hours per week to either 20 or 40 hours. However, you are forced to work either 20 hours or 40 hours per week. Is your hourly wage rate an accurate reflection of the value of your time? Please explain.

Reference no: EM131278935

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