Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 29 Oct 2017 My Price 6.00

Dependent Children

Suppose a single parent can work up to 16 hours per day at a wage rate of $10 per hour.

Various income maintenance programs have been developed to assure a minimum level of income for low-income families. Aid to Families with Dependent Children (AFDC) was established with the Social Security Act of 1935. The family was given an income subsidy depending on family size. Under this program, the family’s benefit was reduced by $1 for every dollar earned. Suppose the maximum daily subsidy for the single parent described above is $40.

a. Draw the daily budget constraint without program participation for the single parent described above. b. On the same graph, draw the daily budget constraint under AFDC for the single parent described above.

c. What effect does this program have on the incentive to work? Explain.

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Oct 2017 09:10 PM My Price 6.00

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