Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
You are a person who likes to work as little as possible. You like to consume and enjoy things. However, like many people but you prefer to purchase and consume as much as you can while working as little as possible. It’s not that you are lazy; you just don’t like to work and be told what to do. You do have a job and your wage is $20 an hour. In an average month you work W hours out of the 30*8=240 hours available to you. Now for some reason your wage rises.
a. sketch out your budget constraint and your initial position between work and leisure
b. Now place yourself on your new budget constraint after the wage increase. Given your attitude about work, are you likely to work more or less after the wages rises.
c. Differentiate between your own income and substitution effects on your decision to work more or less.
d. In the event you chose to work LESS after the wage rise, how would you interpret your income effect?
e. In the event you chose to work Less after the wage rise, show how you would like work less if your wage increase was replaced by a TANF grant.
f. In man cases with the poor, the TANF program is a DISINCENTIVE to work. Why do you think that is the case?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more