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image (Application (non-participation (non-labor income+ (YE, MRS +), low…

- - - - indifference
        
        properties
        
        convex
        
        scarcity
        
        negative
        
        MRS
        
        Preferences
        
        Workaholics
        
        Leisurely
    - - budget
        
        wage rate
- - - - :small_red_triangle: work due to :small_red_triangle: Wage
      - Work direct
      - Along Curve
      - Low MRS
    - - :small_red_triangle: work hours due to :small_red_triangle: Y
      - Work Inverse
      - Shifting Wage
      - High MRS
    - - Income>, work :arrow_down:
      - Substitution>, working :arrow_upper_right:
    - - Income> working :arrow_up:
      - Substitution> leisure :arrow_down:
- - - - low wage (WN) = + flat line
    - - YE
      - MRS +
- - - - Shift
        
        :small_red_triangle: non-labor Y
        
        :small_red_triangle: work-leisure preference
      - Movement
        
        Y&S Effects