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Noah is a support worker who works in Mrs.Hamilton's private home.Today, Mrs.Hamilton's personal care took longer than usual due to additional dressing and grooming preparations for a special event she is attending.As a result, a problem has arisen because Noah has time to perform only one of the two home management tasks he is assigned to do during each visit.Noah has to make a decision.What should Noah consider before he makes his decision?
Budget Constraint
The limits imposed on household choices by income, wealth, and product prices.
Choice Set
The collection of all possible options available for selection by a decision-maker.
Leftover Income
The amount of income that remains after all necessary expenses, such as bills and living costs, have been paid.
Budget Constraint
A limit on the consumption bundles that a consumer can afford given their income and the prices of goods.
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