=+c. Now derive your optimal leisure choice under a negative income tax (as a function of k
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=+c. Now derive your optimal leisure choice under a negative income tax (as a function of k and x).
How is your work decision now affected by an increase in k or an increase in x?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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