You have an opportunity to work three hours of overtime and earn an extra $99 gross income. However, a total of $32 will be taken out for federal, state, and local taxes. You parked in the parking garage and will have to pay $6.50 total to park for the additional hours. You also didn't pack an extra meal, which you already have in the refrigerator at home; so you will have to spend $12 for food. You will also have to pay $55 for additional daycare for your children. According to the marginal principle and everything else equal (ceteris paribus); will you work the overtime? Why or why not? (Show your work) (10 %)
Solved
Show answers
More tips
- H Horoscopes, Magic, Divination How to Cast a Love Spell on a Guy? Guide for Guys...
- F Family and Home How to Sew Curtain Tapes: Best Tips from Professionals...
- S Style and Beauty How are artificial nails removed?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
- F Food and Cooking The Disease That Haunted Abraham Lincoln...
- C Computers and Internet How to Get Rid of Windows Genuine Check?...
- H Health and Medicine How to perform artificial respiration?...
- S Style and Beauty Tricks and Tips: How to Get Rid of Freckles...
- C Computers and Internet How Do You Refill Cartridges?...
- A Auto and Moto Battle for the Relocation of The Cherkizovsky Market: Who Won?...
Answers on questions: Business
- G Geography Which is the best example of how geography influences history...
- E English Which sentence uses modifiers correctly? Making a sincere wish, Amanda blew out the candles on her cake. Gaining speed, it was exciting to be sailing on the windy lake....
- A Arts Emotion and feeling were an important source of musical inspiration during what period? A Renaissance B Roman C. Baroque D. Romantic...
- M Mathematics Asalesperson made $890.5 selling $6850 worth of electronic equipment. find the commission rate...
Ответ:
no
the marginal benefit of working overtime in terms of income is less than the marginal cost of working overtime
Explanation:
According to the marginal cost principle, i would be willing to work if marginal benefit exceeds marginal cost
Marginal cost = 32 + 6.5 + 12 + 55 = 105.50
Marginal benefit = 99
the marginal benefit of working overtime in terms of income is less than the marginal cost of working overtime. So, i won't work overtime
Ответ:
medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has ...