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# SOS from MIT:

The poverty line in this society is at Y=C=66. A program is proposed whereby a subsidy S=66−Y is given to anyone whose income Y is below 66. In order to implement this, money is raised by having a marginal tax rate of 60% for incomes above 100. (Assume any budget surplus or deficit on the part of the government is utility-neutral. Assume that the workers can change their time allocations in response to the announced program. Continue to assume w=10.) Calculate the utility levels before and after the program is implemented.

UA,before=?

UA,before=?

UA,after=?

UA,after=?

at, ulat, ulo

ec facec facl

usce dui l

ec facec facl

ec facec facl

usce dui l

ec facec facl

ec facec facl

acinia pulvi

sus ante, dapibus a molestie co

ec facec facl

ec facec facl

ec facec fac

ec facec fac

itur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce d

Fusc

ur laor

ongue vel lao

ce dui lectu

ur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac mag

ur laoreet. Nam risus ante, dapibus a molestie consequat,

ur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fu

sum dolor si

ec facec facrem ipsum

e vel laoreet

sque dapibus

ongue vel laoreet ac

ec facec facl

ec facec facl

ec facec facl

ec facec facl

ec facec facDonec

ipsum dolor sit amet,

sque dapibus

ec facec facl

ec facec facl

ec facec facl

iscing elit. Nam

ec facec facl

ec facec facl

ur laoreet. Nam risu

ec facec facl

ec facec faclec facec facl

ec facec facl

ec facec fac

ec facec facl

ec facec facl

ec facec facm ipsum

fficitur laoreet. Nam risus an

sque dapibus

ec facec facl

lec facec facl

lec facec facsu

ec facec facsu

ec facec facsu

nec facilisi

ec facec facl

ec facec facl

ec facec facl

ipsum dolor sit amet, consectetur

consectetur adipiscing elit. Nam lacinia pulvinar tortor nec f

a molestie consequat, ultrices ac magna. Fusce du

lestie consequat, ultrices ac

itur laoreet. Nam risus ante, dapibus

m ipsum dolor sit ame

congue vel laoreet ac, dictum vitae od

Fusce dui lectus, congue vel l

ec facec facl

ec facec facl

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