Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Answers to Homework 1 for ECN 3890 Spring 2007 - Leisure and Income, Assignments of Market economy

The answers to homework 1 for the economics 3890 course during spring 2007. The homework deals with the relationship between leisure and income, featuring calculations and slope determinations.

Typology: Assignments

Pre 2010

Uploaded on 08/17/2009

koofers-user-yha
koofers-user-yha 🇺🇸

10 documents

1 / 2

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
ECN 3890
Spring 2007
Answers to Homework 1
a.)
b.)
c.)
Leisure
Income
100
210
1410 slope = -12
Leisure
Income
100
210
1410
140
134
00
slope = -12
Leisure
Income
100
210
1410
slope = -12
slope = -18
2010
pf2

Partial preview of the text

Download Answers to Homework 1 for ECN 3890 Spring 2007 - Leisure and Income and more Assignments Market economy in PDF only on Docsity!

ECN 3890

Spring 2007

Answers to Homework 1

a.)

b.)

c.)

Leisure Income 100

1410 slope = - Leisure Income 100

slope = - Leisure Income 100

slope = - 2010 slope = -

d.)

e.) Since he can earn $252 before the tax is in effect, he can work 21 hours and take home a wage

of $12. After that, his wage falls to $10.80.

Leisure Income 100

1410 slope = - slope = -10.

Leisure Income 100

slope = - slope = -10. 79