ABSTRACT
From Sec. 26 we know that a person who is able to decide for himself whether he will work short or long hours will work down to the t-th hour, presuming that his comparison between the utility of his wages per hour (p·u pm ) and the disutility of labour is as follows:— https://www.w3.org/1998/Math/MathML"> p . u p m > u . q p . u p m > u l . q 2 p . u p m > u l . q 3 p . u p m = u l . q t p . u p m < u l q t + 1 ¯ https://s3-euw1-ap-pe-df-pch-content-public-p.s3.eu-west-1.amazonaws.com/9780203708699/9b19c773-ff23-4351-810f-ee62ed6a30b4/content/math_13_B.tif" xmlns:xlink="https://www.w3.org/1999/xlink"/>
