(Answered) Wage earning400 per week and g5000 per year and 52 week per

Economics

Wage earning=$400 per week, and G=$5000 per year, and 52 week per year.

a. Construct the yearly income-leisure constraint.

b. If t=50%, construct the income-leisure constraint.

c. Now t=0 for the first 25 weeks of working and 50% thereafter. Construct the income-leisure constraint.

d. Compute the break-even level of income and # of week for working.

e. If a worker works 20 weeks only per year, compute the income of this worker.

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Business Economics, Economics

Category:- Business Economics
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