Business, 23.09.2021 08:30 JEThompson6416
An individual can earn $12 per hour if he or she works. Assume that a person can work at most 24 hours per day times 30 days per month for a total of 720 hours. Thus, the axis intercepts, in the absence of any program, are 720 Γ $12 = $8,640 in consumption and 720 hours of leisure.
Scenario: Suppose that a new welfare program is introduced where the government guarantees $600 per month in income and reduces the benefit by $1 for each $1 of labor income.
Below is the budget constraints that show the monthly income-leisure trade-off.
Given his/her 30 hours of works, he/she is qualified for the welfare program. Calculate his welfare benefits (not total monthly income) after considering dollar-for-dollar reduction.$
Answers: 1
Business, 21.06.2019 22:30
Emily sold the following investments during the year: stock date purchased date sold sales price cost basis a. 1,000 shares dot com co. 03-21-2007 02-04-2018 $20,000 $5,000 b. 500 shares big box store 05-19-2017 01-22-2018 $8,200 $7,500 c. 300 shares lotta fun, inc. 10-02-2017 09-21-2018 $3,000 $4,500 d. 700 shares local gas co. 06-17-2017 11-11-2018 $14,000 $17,000 for each stock, calculate the amount and the nature of the gain or loss.
Answers: 3
Business, 22.06.2019 02:40
Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?
Answers: 3
Business, 22.06.2019 04:00
The simple interest in a loan of $200 at 10 percent interest per year is
Answers: 2
Business, 22.06.2019 21:10
Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is:
Answers: 3
An individual can earn $12 per hour if he or she works. Assume that a person can work at most 24 hou...
Mathematics, 29.10.2020 03:40
History, 29.10.2020 03:40
Geography, 29.10.2020 03:40
Mathematics, 29.10.2020 03:40
Mathematics, 29.10.2020 03:40
Arts, 29.10.2020 03:40
Mathematics, 29.10.2020 03:40
History, 29.10.2020 03:40
English, 29.10.2020 03:40
Mathematics, 29.10.2020 03:40