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MrGrimey MrGrimey
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6 years ago
Suppose a person's utility for leisure (L) and consumption (Y) can be expressed as
U = Y + L0.5. Show what happens to the person's labor supply curve when the income tax is cut from 70 % to 30 %. Denote hours worked as H and wage per hour as w.
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Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
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SaHiN22SaHiN22
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6 years ago
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MrGrimey Author
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6 years ago
Brilliant ツ
veronee_madison
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Yesterday
Helped a lot
julymontalvo
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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