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Business, 11.05.2021 17:20 tylercarey5

Florence is a highly paid fashion consultant who earns $100 per hour. She has 16 hours per day that she can allocate to work or leisure, and she decides to work for 12 hours. Draw Florence's time allocation budget line for a typical day, with income on the vertical axis and hours of leisure on the horizontal axis, and illustrate the indifference curve at her optimal choice. Based on your drawing, choose the INCORRECT statement.

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Florence is a highly paid fashion consultant who earns $100 per hour. She has 16 hours per day that...
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