Use a Game theory model to explain how a law can be represented by a straight line intercepting the horizontal axis (showing free time) and how this impacts the size of the economically feasible set. Secondly in part.
This is a short task (250-300 words in total (for both questions combined), that is asking firstly; in part 1) Use a model ( provided), to explain how a law can be represented by a straight line intercepting the horizontal axis (showing free time) and how this impacts the size of the economically feasible set. […]