What is that number of hours

Assignment Help Management Theories

Reference no: EM131500054

Question: In California, a svelte= recipient can am $225 per month without having her benefits reduced. Beyond $225, benefits are reduced by 50 cents for every dollar of earnings. Consider Elizabeth, a resident of California, who can cam $10 pa hour. If she does not work at all, she is eligible for welfare benefits of $645.

a. If she works 10 hours, how much arc ha earnings, how much is her welfare benefit. and how much is her income?

b. After Elizabeth works a contain number of hours, she does not receive any benefit at all. What is that number of hours?

c. Use your answer to parts a and b to plot ha budget constraint.

d. Sketch a set of indifference curves consistent with Elizabeth participating in the labor market.

Reference no: EM131500054

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