b. Now suppose that the government wants to raise a given amount of revenue through taxation by

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b. Now suppose that the government wants to raise a given amount of revenue through taxation by imposing either an inheritance tax or an income

(wage) tax. Which is likely to reduce George’s hours of work more, and why? (Hiot: See Solved Problem 5.4.)

Exeriises 194

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Microeconomics With Calculus

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3rd Global Edition

Authors: Jeffrey M. Perloff

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b. Now suppose that the government wants to raise a given amount of revenue through taxation by imposing either an inheritance tax or an income (wage) tax. Which is likely to reduce Georges hours of...
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b. Now suppose that the government wants to raise a given amount of revenue through taxation by

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Microeconomics With Calculus

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