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Consider two individuals with endowments of 60 hours per week of leisure, nonlabour income of $Y per week, and a wage of $7.50. At this wage assume that workers are constrained by their employers to work exactly 40 hours per week or not at all.
a. On separate diagrams, show the equilibrium of a worker (A) for whom 40 hours is the optimum labour supply, and a worker (B) who would prefer to work 20 hours per week, but still prefers the 40 hour week to not working at all. Compare the marginal rates of substitution for these individuals at 40 hours per week.
b. Show that the employer can make both itself and worker B better off by instituting lower wages for part time workers and letting them work less (assuming that the firm can hire more part time workers at that lower wage).
Individual taxpayers who don't itemize their deductions are entitled to a standard deduction amount by which to decrease ADJUSTED GROSS INCOME in arriving at taxable income. Amount
how to record items on this account
Q. Illustrate Accounting ramifications? Accounting ramifications i) Restatement ii) Unable to file on timely basis while go back and determine what periods are effected
Courts application for grant A court may: 1) Wherein a deceased person is proved whether by production of a will or authenticated copy of the will or by oral evidence of its
What are some examples of co branded foods? is cool ranch doritos one?
You are considering whether to replace an existing flow meter in an ongoing operation. A change in the meter will have not affect revenues but will reduce costs. The existing meter
Information concerning the capital structure of Piper Corporation is as follows: December 31, 2011 2010 Common stock 150,000 shares 150,000 shares Convertible preferred stock 15,00
An accountant made the following adjustments at December 31, the end of the accounting period: a. Prepaid insurance, beginning, $400. Payments for insurance during the period, $1,2
During construction of a building, the cost of interest on a construction loan should be charged to an expense account
Company A(lessee) will rent inventory for you for 3 years rather than buying it for the regular price of $240,000. Normally these units, which cost us $120,000 to produce, will las
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