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
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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.
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Pre 2010
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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