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show calculation and graphing please! Q3a (2 points) This question will explore the different government policies and how they influence individual budget constraints Imagine an

show calculation and graphing please!
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Q3a (2 points) This question will explore the different government policies and how they influence individual budget constraints Imagine an individual has "T" hours to divide between labour and leisure Every hour the individual works, they eam SW an hour Carefully label a diagram showing this individual's income-leisure budget constraint with leisure hours being on the X-axis and income on the Y-axis + Drag and drop an image or PDF file or Click to browse Q3b (2 points) Suppose the government offers a 20% wage subsidy? How would this influence the budget constraint? Carefully draw and label a diagram with this new budget curve, as well as the budget constraint from (a) Q3c (2 points) Suppose the government offers a wage subsidy of $4 per hour How would this influence the budget constraint? Carefully draw and label a diagram with this new budget curve, as well as the budget constraint from (a). Drag and drop an image or PDF file or click to browse Q3d (2 points) Suppose the government introduces a universal basic income where all individuals receive $5000 regardless of how much they work Carefully draw and label a diagram with this new budget curve as well as the budget constraint from (a) Q3e (4 points) There has been a renewed interest in raising the federal minimum wage in the US, with some members of Congress calling for an increase to $15 an hour Some opponents to the minimum wage suggest that the Earned Income Tax Credit (EITC) is a better policy. This question explores the EITC Low-wage workers receive additional income from the federal government depending on how much they earned and how many children they have consider an individual with one child there is no credit if nothing was earned. the credit equalled $.34 per dollar earned and peaked at around $3050, when the worker earned $8950 it remained at $3050 until the worker earned around $16450 . it was phased out gradually, by S. 16 per dollar earned, until eliminated completely if the worker earned $35525 or more per year Carefully draw and label a diagram with this new budget curve, as well as the budget constraint from (a)

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