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anthonydel117 anthonydel117
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5 years ago

Question 1.

Serafina was earning $75 per hour and working 50 hours per week. Serafina's wage rose to $90 per hour, and as a result, she now works 60 hours per week. What can you conclude from this information about the income effect and the substitution effect of a wage change for Serafina?

Question 2.

Suppose that Hawaii legalizes casino gambling. By imposing a tax on casino revenues, the state government is able to eliminate the state income tax on wages. What is likely to be the effect on the labor supply curve in Hawaii?
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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macemace
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anthonydel117 Author
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5 years ago
Thank you, thank you, thank you!
mikeh209
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jbag1237
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2 hours ago
This site is awesome
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