Labor time and leisure time

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-Draw graphs of the following relationships (Hint: first decide which variable is dependent/independent, then consider the relationship between the variables):

-Labor time and Leisure time (all else equal)

-A firm's costs and profits (all else equal)

-Economic output (production) and the level of capital (all else equal)

-The price of apples and consumer demand for oranges (all else equal)

Reference no: EM133082221

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