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Consider the labor-leisure budget constraint that this person faces in a situation without government assistance.

Suppose that this person spends 2 hours on leisure. How many hours then is she working?

Hint




Consider the labor-leisure budget constraint that this person faces in a situation without government assistance.

What is the wage rate (how much does this person earns per hour)?




Consider the labor-leisure budget constraint that this person faces in a situation without government assistance.

Suppose that this person spends 4 hours on leisure. What is her income?






Suppose that the hourly wage is $25. In addition, suppose that a person has 55 hours to allocate between leisure and labor. Finally, suppose that this person decided to spend 6 hours on leisure.

Given this information, for how many hours does she work?

 

Hint


Suppose that the hourly wage is $20. In addition, suppose that a person has 45 hours to allocate between leisure and labor. Finally, suppose that this person decided to spend 4 hours on leisure.

Given this information, what is her income?

 

Hint


Suppose that a government antipoverty program guarantees every family with a single mother and two children $20000 in income. With this program, each time the mother earns $1,000, the government will deduct $1,000 of its support. Suppose that the hourly wage is $13.25. Given this data, complete the table:





Amount Worked (hours) Total Earnings Government Support Total Income
0
500
1000
1500
2000
2500
3000


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