Graphing budget constraint and incorporate taxes

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Reference no: EM13798709

Greg earns $10 per hour for work for up to 30 hours of work each week. He is paid $15 dollars per hour for every hour in excess of 30. Greg faces a 15 percent tax rate and pays 3 dollars an hour in child-care expenses for each hour he works. Greg receives $40 in welfare a week .There are 168 hours in the week. Graph and fully label Greg’s non-linear budget constraint. When graphing the budget constraint, incorporate taxes and childcare expenses into his wage so that we are graphing his final wage.

Reference no: EM13798709

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