=+d. Now suppose the government expands the program by raising the cut off from $300 to $400.
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=+d. Now suppose the government expands the program by raising the cut off from $300 to $400.
In other words, now the government applies the subsidy to earnings up to $400 per week. Can you tell whether worker 1 will now work more or less? What about worker 2?
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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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