While reading the local newspaper, you notice an article about a man who won a sizable prize in the state lottery. This prize amounts to monthly payments for the rest of the man's life. The man is quoted as saying, "As soon as I receive that first lottery payment, I will only work when I want to, rather than because I have to." How would an economist explain what has happened to this man's labor supply curve?

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The Answer of While reading the local newspaper, you notice an article about a man who won a sizable prize in the state lottery. This prize amounts to monthly payments for the rest of the man's life. The man is quoted as saying, "As soon as I receive that first lottery payment, I will only work when I want to, rather than because I have to." How would an economist explain what has happened to this man's labor supply curve?

While Reading the Local Newspaper, You Notice an Article About