Sketch daily budget constraint
Q1) Assume Michael receives $50 per day as interest on inheritance. His wage rate is $20 per hour, and he can work maximum of 16 hours per day at his job. Sketch his daily budget constraint.
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Assume Michael receives $50 per day as interest on inheritance. His wage rate is $20 per hour, and he can work maximum of 16 hours per day at his job. Sketch his daily budget constraint.
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