# econ

posted by .

Suppose an individual has 60 hours of time available in the week and has
to decide how much to work. The hourly wage is \$ 10 and he has \$ 50 per
week from a government subsidy.
1. (15 points) Draw an equilibrium where the individual choose to work
50 hours per week.

now my question is mainly deals with the government subsidy...

do you treat it as an non labour income?? meaning if u don't work @ all, u still get a specific amount of \$.....

YEs, it is a non hour income.

## Similar Questions

1. ### math linear equations

suppose you earn 5.50/h at a bakery. From your first paycheck you discover that \$1.15/h is withheld for taxes and benefits. you work x hours in a five day week and you spend \$3.75 each day on lunch. Write an equationfor your earnings …
2. ### math

what does over time and time in a half mean?

Suppose you earn \$7.21 per hour and plan to work "h" hours per week. write an expression using variables that models the amount of money you will earn each week. Then, suppose you earn \$10 in tips per week, regardless of the hours …
4. ### math

Mack’s hourly wage is raised from \$12.10 per hour to \$13.35 per hour. He works 40 hours per week. How much more does he earn per week at this new rate?
5. ### math

A company produces three types of color TVs: Models X, Y and Z. Each model X requires 2 hours of electronic work and 2 hours of assembly work. Each Y model requires 1 hour of electronic work and 3 hours of assembly work. Each model …
6. ### math

How would I solve this; John is paid at an hourly rate of \$15 and over time rate of 1.5 times his hourly rate. If john puts in w regular hours and y overtime hours in a week, what is his total wage for the week?
7. ### help with math!

Evonne earns \$10.50 per hour for a 40 hour week. She earns time and a half (1 1/2 times the normal \$10.50 per hour rate) for all hours worked OVER 40 hours. Answer the following question based on Evonne's information. This week Evonne …
8. ### Algebra

H. If you are paid a weekly base salary of \$200 plus an hourly wage of \$5.00, determine an equation for finding your weekly gross pay (P) for t hours. Specify an amount between 25 and 50 hours worked for 1 week and determine your gross …
9. ### Algebra 2

You need to earn \$539 per week to afford the new car you want to purchase. Your work week is 46 hours. You get 1.5 times the regular hourly rate for overtime (anything over 40 hours). How much does your hourly rate need to be?
10. ### ict

peter works as a part-time assistant at a car wash and receives an hourly wage. enter the number of hours he worked for a specific week, as well as the pay rate per hour. he has to pay R5 towards the social club. calculate and display …

More Similar Questions