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Lesley is a single mother with 2 children. She can earn $10 per hour and can work up to 1,800 hours per year. However, if she does not earn any income at all, she will receive government benefits totalling $18,000 per year. For every $1 of income she earns, her level of government support is reduced by $1. Lesley
has no monetary incentive to work, though she may still choose to work
has a monetary incentive to work and will maximize her income if she works for 300 hours
has a monetary incentive to work and will maximize her income if she works for 600 hours
has a monetary incentive to work and will maximize her income if she works for 900 hours
1 a newspaper recently lowered its price from 3 to 1. as it did the number of newspapers sold increased from 240000 to
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Suppose the government imposes the following kind of sales tax: there is no tax for selling the first 35 units, but for selling every unit beyond the thirty-fifth unit, the seller has to pay the government an additional $12. What is the new optimal p..
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the wholesale distributor has traditionally relied upon an instantaneous receipt model in which the material associated
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