Assume you won Loto-Quebec! Instead of receiving the prize as a lump sum payment. you choose to receive $20,000 per year for 50 years. As a result of that you decide to work part-time at 30 hours per week instead of 50 hours per week. Assuming a 50 week year, what is the annual income effect equal to?  A.  -1/20 B.  -1/10 C.  1/20 D.  -1/100

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Assume you won Loto-Quebec! Instead of receiving the prize as a lump sum payment. you choose to receive $20,000 per year for 50 years. As a result of that you decide to work part-time at 30 hours per week instead of 50 hours per week. Assuming a 50 week year, what is the annual income effect equal to? 

A.  -1/20

B.  -1/10

C.  1/20

D.  -1/100

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