Use indifference curve and constraint analysis to analyze the behavior of employees who are paid:
a.An hourly wage rate of $4 per hour.
b.A fixed hourly wage of $4 per hour,plus an overtime bonus of $4 for every hour worked in excess of eight hours.
c.A fixed salary of $40 per day,plus $4 for each hour worked.
d.Which of the above schemes would yield the largest number of hours worked?

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The Answer of Use indifference curve and constraint analysis to analyze the behavior of employees who are paid:
a.An hourly wage rate of $4 per hour.
b.A fixed hourly wage of $4 per hour,plus an overtime bonus of $4 for every hour worked in excess of eight hours.
c.A fixed salary of $40 per day,plus $4 for each hour worked.
d.Which of the above schemes would yield the largest number of hours worked?

Use Indifference Curve and Constraint Analysis to Analyze the Behavior