Scenario 6-4 Tom earns $15 per hour for up to 40 hours of work each week and $30 per hour for every hour in excess of 40. Tom also faces a 20 percent tax rate, pays $4 per hour in child care expenses for each hour he works, and receives $80 in child support payments each week. There are 110 (non-sleeping) hours in the week. Figure 6-5 Weekly Budget Lines Weekly Income A 70 110 Hours of Leisure Question 14 1 pts Refer to Scenario 6-4 and Figure 6-5. What is the value of C (do not use $)?Question 15 1 pts Refer to Scenario 6-4 and Figure 6-5. What is the value of B (do not use $) Question 16 1 pts Refer to Scenario 6-4 and Figure 6-5. What is the value of A (do not use $) Question 17 1 pts The Supplemental Nutrition Assistance (formerly called food stamps): O is likely to increase both food and nonfood purchases by recipients. O is likely to increase the market price of food to all consumers. O reduces the market price of food to those eligible for Supplemental Nutrition Assistance. O is likely to increase food purchases by recipients but not other purchases. Question 18 1 pts The value of a price-distorting subsidy for a three-bedroom apartment is $100 per month. This means that the person choosing to live in an apartment of that size would have to pay an extra $100 per month at the market rent. Then it follows that: O that person would be worse off if she received a cash subsidy of $100 per month. O that person would be better off if she received a cash subsidy of $100 per month. O that person would be better off if she received a cash subsidy of $100 per month, or that person would be just as well off if she received a cash subsidy of less than $100 per month O that person would be just as well off if she received a cash subsidy of less than $100 per month