Problem
Participation in the labor force is a personal decision that can be illustrated using indifference curves and a budget constraint.
a. Explain and show graphically why a person with non-labor income may choose not to participate in the labor force, relating this decision to the concept of the reservation wage.
b. Explain and show graphically why a person may choose to "moonlight" or to work additional part-time hours.
c. Explain and show graphically how unpaid absenteeism may be related to requirements that people work standard 40-hour week.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.