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30000 (๕) อนดวน" 25000 (0, 25.000

30000 (๕) อนดวน" 25000 (0, 25.000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Solve all this question......you will not solve all questions then I will give you down?? upvote....

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Income ($) 30000 25000 20000- -15000- -10000- -5000- 0 (0, 25.000) 1000 Government Support ($4000) (2,500,0) 2000 3000 Leisure (Hours)
Transcribed Image Text:Income ($) 30000 25000 20000- -15000- -10000- -5000- 0 (0, 25.000) 1000 Government Support ($4000) (2,500,0) 2000 3000 Leisure (Hours)
Question The graph below shows the budget constraint between income and leisure for an individual. For every hour spent in leisure, one less hour is spent working and vice versa. Now suppose that a government antipoverty program guarantees every individual a certain level of income. Move the Government Support line to illustrate a situation in which the individual starts making an income higher than the government support income when he/she reduces leisure below 500 leisure hours.
Transcribed Image Text:Question The graph below shows the budget constraint between income and leisure for an individual. For every hour spent in leisure, one less hour is spent working and vice versa. Now suppose that a government antipoverty program guarantees every individual a certain level of income. Move the Government Support line to illustrate a situation in which the individual starts making an income higher than the government support income when he/she reduces leisure below 500 leisure hours.
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