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Impact of a Time Constraint on Work-Leisure Choices
In a model where a 24-hour day is allocated between work and free time, two individuals, Alex and Ben, have different preferences. Alex chooses to work 6 hours per day. Ben works 2 fewer hours per day than Alex. If both individuals are suddenly required to spend 1 hour per day on a mandatory training session (which is not considered work or free time), how many hours of work does each person have if they both choose to reduce only their free time to accommodate the training?
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Science
Economy
CORE Econ
Social Science
Empirical Science
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
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