How to use subscripts to differentiate the two women

Reference no: EM13213859

For this question, you are to draw two of these alternate graphs. The first graph should show the situation for two women who have access to the same market wage rate, but one chooses to work in the market (an interior solution) and the other does not (a corner solution). The second graph should show the situation for two women who have the same valuation of nonmarket time (shadow wage) but different market wage rates, again with one of them choosing to work in the market and the other choosing to remain out of the labor market. Please identify equilibrium hours of work for each woman in each graph. Make sure that you label your graphs completely, and use subscripts to differentiate the two women.

Reference no: EM13213859

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