Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question 2, read the following text and answer:
The Earned Income Tax Credit: During the Clinton Administration, the Earned Income Tax Credit (EITC) was expanded considerably. The program provides a wage subsidy to low-income family through the tax code in a way similar to this example: Suppose you can earn $5 per hour. Under EITC, the government supplements your first $20 of daily earnings by 100% and the next $15 in daily earnings by 50%. For any daily income above $35, the government imposes a 20% tax. Suppose you have at most 8 hours of leisure time per day.
PartA: Illustrate your budget constraint (with daily leisure on the horizontal and daily consumption on the vertical axis) under this EITC.
PartB: Suppose the government ends up paying a total of $25 per day to particular worker under this program and collects no tax revennue. Identify the point on the budget constraint this worker has chosen. How much is he working per day?
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
Illustrate what is the firm's current profit. Illustrate what is likely to occur in this market.
Compute the price elasticity of demand for good X between the two prices on the demand curve. Describe the price elasticity of demand for good X.
Why are the Average Cost Curves U-shaped. What is the Law of Diminishing Returns. Discuss a company's two short run options.
Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labor used when q = 2.
demand for its tennis balls by using the subsequent linear specification
During the purchasing decision, evaluation stage, the consumer forms preferences among the brands in the choice set.
If Michael is spending all of his money on these 2 snacks which he purchase more chips also less ice cream as well as purchase less chips.
Explain how can tax cuts help revive the economy.
The coach wishes to Conclude how to assign four swimmers to the four different strokes to minimize the sum of the corresponding best times.
Is this analysis consistent with the proposition which money has real effects in the short run but is neutral in the long run.
If the doctor wishes to maximize her profit, elucidate how many nose operations she should perform each month.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd