hw1ans-1ec 480 - of $12. After that, his wage falls to...

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ECN 3890 Spring 2007 Answers to Homework 1 a.) b.) c.) Leisure Income 100 210 1410 slope = -12 Leisure Income 100 210 1410 140 134 slope = -12 Leisure Income 100 210 1410 slope = -12 slope = -18 2010
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d.) e.) Since he can earn $252 before the tax is in effect, he can work 21 hours and take home a wage
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Unformatted text preview: of $12. After that, his wage falls to $10.80. Leisure Income 100 210 1410 slope = -12 slope = -10.8 1290 Leisure Income 100 210 1410 slope = -12 slope = -10.8 79 1315.2...
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This note was uploaded on 03/19/2008 for the course ECON EC 480 taught by Professor Elder during the Spring '08 term at Michigan State University.

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hw1ans-1ec 480 - of $12. After that, his wage falls to...

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