Suppose that for every hour you work, you can earn $10 before taxes. Furthermore, suppose that youcan work up to 16 hours per day, 365 days per year. Draw your annual budget constraint reflecting theconsumption-leisure trade-off under the following income tax schemes:(a) A flat income tax of 20% on all income earned(b) An income tax where you pay no tax on the first $10,000 earned and a tax of 25% on all income over$10,000(c) An income tax where you pay 10% on the first $5,000 earned, 20% on the next $10,000 earned, and30% thereafter

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?