有保留用途的要素垄断
Now assume there are other occupations you can use your labor in. These are your reservation uses. Now you can earn income in other ways than just at the particular job you are looking at. Previously, the budget constraint was a straight line--you either worked that particular job & got a wage or you didn't work. Now the 'budget curve' is more like a production possibility frontier. It is referred to as an "opportunity set". At different levels of labor/leisure, the curve represents the maximum income you can get at any job. As you first begin to use your labor, you are more productive, so the slope of the opportunity set is steeper. As you work more (have less leisure), you become less productive and so can get less for your labor. This is why the slope of the opportunity set decreses as you move towards the origin (where leisure is zero). The result is a curved budget constraint.
Just like before, you choose the amount of leisure that gets you the highest level of utility: where your opportunity set (budget curve) is tangent to an indifference curve.
Note: The above graph shows an endowment. It means that you start out with some money (maybe some savings) even if you don't work.
If you draw a line from your endowment point to any other point on the opportunity set, the slop of that line will be the ARI, or the wage for that amount of leisure/labor. The slope of the opportunity set at any point is the MRI. So by choosing where the opportunity set is tangent to the indifference curve, you are setting the slopes of the two curves equal: MRI=MRS.
If we plotted ARI, MRI, and MRS on a graph with labor on the horizontal axis and wage on the vertical axis, we would get a graph similar to the one below. This is the same as our monopoly case in the previous section. The only difference here is that MRS is increasing, reflecting the opportunity cost of labor. Previously, we had MRS=0 since we assumed there were no reservation uses. Like any monopolist, we choose L* where MRI=MRS. Then we go up to the demand curve to find price of labor=wage=w*.