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1. Consider an individual facing a wage rate w. There's a total of 100 hours
available for work or leisure in a week.
(a) Represent his budget constraint graphically
(b) Represent the effect of an decrease in the wage rate
(c) Represent the effect of an proportional tax on labor income
(d) Suppose that the individual must pay a 10$ per week in taxes, regardless of how much he works. How does this affect his budget constraint?
The Effect of Effluent Fees on the Firms' Input Choices * Firms which have a by-product to production produce an effluent. * An effluent fee is a per unit fee which firms
what are the properties of cost function
GOVERNMENT FINANCE: UNION AND STATES: The fiscal position of the Governments - both Centre and States - has been under stress since the mid-1980s. The stress stems from the i
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The Equilibrium Consumption Combination equilibrium for the person occurs at the point where the indifference curve, shown by II, is tangent to the budget line, portrayed by BB. T
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