Learning Goal: I’m working on a economics multi-part question and need an explanation and answer to help me learn.
1. The Build Back Better bill expands the EITC for childless workers. Under the old version, the credit phased in at (numbers rounded for ease of calculation) 8% until earnings reached $7000, and began to phase out at a rate of 8% once earnings reached $9,000. Under the new version, the credit phases in at 15% until earnings reach $10,000, and begins to phase out at a rate of 15% once earnings reach $12,000.
a. Graph the old and new consumption/non-market time tradeoffs facing a childless worker earning $10/hour who has an annual time endowment of 2500 hours. Be sure to label all axes, intercepts, slopes, and x- and y-values for key points on the graph.
b. Describe the predicted effects from economic theory on hours worked and on goods consumption facing each of the following workers, who can each work at $10/hour for up to 2500 hours. (If relevant: never simply describe an effect as ambiguous; instead, describe the different possible changes.)
i.Prior to the law change, Joe is not working and instead consuming all of his time as non-market time.
ii.Prior to the law change, Kyrsten is working 500 hours per year.
iii.Prior to the law change, Sandy is working 900 hours per year.
Prior to the law change, Rashida is working 2000 hours per year
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Assignment Help has assembled a team of highly skilled writers with diverse experience in the online writing circles. Our aim is to become a one stop shop for all your Academic/ online writing. Check out below our amazing service!
At Assignment Help, we prioritize on all aspects that creates a good grade such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines. The principal purpose of essay writing is to present the author's evaluation concerning a singular subject about which they have made. Since Professionalism is the mother of every success, try our team of experienced writers in helping you complete your essays and other assignments.
You have been trying to join that prestigious institution you long yearned for, but the hurdle of an admission essay has become a stumbling block. We have your back, with our proven team that has gained invaluable experience over time, your chance of joining that institution is now! Just let us work on that essay.How do you write an admission essay? How do you begin the essay? For answers, try Quality Custom Writers Now!
Editing and Proofreading
Regardless of whether you're pleased with your composing abilities, it's never an impractical notion to have a second eye go through your work. The best editing services leaves no mistake untouched. We recognize the stuff needed to polish up a writing; as a component of our editing and proofreading, we'll change and refine your write up to guarantee it's amazing, and blunder free. Our group of expert editors will examine your work, giving an impeccable touch of English while ensuring your punctuation and sentence structures are top-notch.
We pride ourselves in having a team of clinical writers. The stringent and rigorous vetting process ensures that only the best persons for job. We hire qualified PhD and MA writers only. We equally offer our team of writers bonuses and incentives to motivate their working spirit in terms of delivering original, unique, and informative content. They are our resources drawn from diverse fields. Therefore your technical paper is in the right hands. Every paper is assessed and only the writers with the technical know-how in that field get to work on it.
College Essay Writing
If all along you have been looking for a trustworthy college essay service provider that provides superb academic papers at reasonable prices, then be glad that you search has ended with us. We are your best choice! Get high-quality college essay writing from our magnificent team of knowledgeable and dedicated writers right now!
Quality Assignment/Homework Help
We give the students premium quality assignments, without alarming them with plagiarism and referencing issues. We ensure that the assignments stick to the rules given by the tutors. We are specific about the deadlines you give us. We assure you that you will get your papers well in advance, knowing that you will review and return it if there are any changes, which should be incorporated.