Nina is able to select her weekly work hours. When a new bridge opens up, it cuts one hour off Nina's total daily commute to work. If both leisure and income are normal goods, what is the effect of the shorter commute on Nina's work time? Show graphically and explain each step.© BrainMass Inc. brainmass.com March 4, 2021, 8:08 pm ad1c9bdddf
The impact of saving time lies in terms of increase in normal goods because there are higher chances of increasing them with the increase in constraints. The normal goods can be increased or decreased with changes in one element of the related aspect. In this context, we will understand the impact of an element over normal goods.
Opening of new bridge will save an hour for Nina, which means that she can use extra time to either increase leisure or income. As the saved hour can be used for increasing either ...
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