Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / How many hours will a person allocate to sure activities if her in difference curves

How many hours will a person allocate to sure activities if her in difference curves

Labor Economics:

(1) How many hours will a person allocate to sure activities if her in difference curves between consumption and goods are concave to the origin?

(2) Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20% tax rate and pays $4 per hour in child careexpenses for each hour he works. Tom receives $80 in child support payments each week. There are 168 hours in the week. Graph Tom?sweekly budget line.

3) Among single, college-educated women aged 22-25,average annual hours worked is 2,160 and the average wage is$22.50. If the average wage increases to $25 per hour, average annual hours worked increase to 2,340. What is the elasticity of labor supply for this group of workers?

Apr 26 2018 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions