Please explain how many vacations days should be given to su
Please explain how many vacations days should be given to substitute for the loss of one day.
Indifference Curves for Paid Leave INDIFFERENCE CURVES FOR PAID LEAVE 25 a 20 15 5 10 16, 21 O 11. 16 17,15 12, 12 18, 10 13, 8 19, 7 14, 5 5 21, 4 O. 15, 3 16, 2 10 15 20 25 Sick leave Solution
The same level of satisfaction should be achieved after substitution means stay on the same indifference curve. To increase sick leave for one day, vacation leave should be reduced by 5. That is movement from (17,15) to (18,10).
So answer is 5.
