ajaz_eco204_2009_HW_7

ajaz_eco204_2009_HW_7 - University of Toronto Department of...

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University of Toronto, Department of Economics, ECO 204 2009 2010 S. Ajaz Hussain ECO 204 2009 2010 S. Ajaz Hussain HW 7 Please help improve the course by sending me an e mail about typos or suggestions for improvements _____________________________________________________________________________________ Note: Please don’t memorize these solutions in the expectation that similar questions will appear on tests and exams. Instead, try to understand how to derive the answer as you’ll be tested on techniques and applications, not on memorization. Moreover, tests and exams will cover topics and techniques that may not be in these practice problems. You are urged to go over all lectures, class notes and HWs thoroughly. Question 1 In this question you will practice the education subsidies discussion in class. The Government of Ontario is considering two plans to raise education levels (measured in “years of education”). Plan A proposes subsidizing tuition while Plan B proposes giving income (cash) subsidies that can be spent anyhow. The government will choose the most “popular” plan.
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This note was uploaded on 05/02/2011 for the course ECO 204 taught by Professor Hussein during the Fall '08 term at University of Toronto.

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ajaz_eco204_2009_HW_7 - University of Toronto Department of...

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