If you are an intertemporal optimizer with a target income for the month, do you work...
If you are an intertemporal optimizer with a target income for the month, do you work more or fewer hours?
Group of answer choices
Fewer today, fewer for the month.
More today, fewer for the month.
More today, more for the month.
Fewer today, more for the month.
Homework Answers
Answer:
Intertemporal choice is about how individual current decision affects what options available in future. Since the decision is target income for the month, the ideal answer is "more today, fewer for the month". By working more today, then more time for leisure for later in the month. By target income, the output is know and can work accordingly.
Other options are not correct. "Fewer today, fewer for the month" means the target income cannot be reached, "more todya, more for the month" means over work and less leisure and not an optimized solution. "Fewer today, more for the month" means future is certain and compensate more leisure today for later, which is also not correct.
Add Answer to:
If you are an intertemporal optimizer with a target income for
the month, do you work...
You want $6,000 per month in your retirement. You expect to retire 40 years from today....
You want $6,000 per month in your retirement. You expect to retire 40 years from today. At the time you retire, you want the payments to be at the beginning of the month and want them to last 30 years or 360 months. You expect an annual interest rate of 5% during retirement. You need to save to obtain this retirement. How much per month at the end of each month do you need to save for the next 480...
You are trying to decide whether to pay a house painter $400 or do the work...
You are trying to decide whether to pay a house painter $400 or
do the work yourself. It would be rational to hire a house painter
if
Choose one:A. you worked some extra hours last month
and your paycheck was $400 larger than usual.B. the last time you
painted your house, you saved the money and did it yourself.C. the
painters can do it more quickly than you can.D. the opportunity
cost of doing it yourself is more than $400.
1. You want $6,000 per month in your retirement. You expect to retire 40 years from...
1. You want $6,000 per month in your retirement. You expect to retire 40 years from today. At the time you retire, you want the payments to be at the beginning of the month and want them to last 30 years or 360 months. You expect an annual interest rate of 5% during retirement. You need to save to obtain this retirement. How much per month at the end of each month do you need to save for the next...
You are convinced you can save $300 per month for the next 10 years. About what...
You are convinced you can save $300 per month for the next 10 years. About what kind of APR do you need to get in order to reach a balance of $45,000? Group of answer choices about 4.35% about 3.63% about 4.87%
You are trying to find if there is a difference in income across different ethnicities. What...
You are trying to find if there is a difference in income across different ethnicities. What type of factor do you have in this case? Group of answer choices Experimental Observational Others
just number 2 please. S pose you can work anywhere from 0 to 24 hours a...
just number 2 please.
S pose you can work anywhere from 0 to 24 hours a day at age of 10 hour. You et of 50% on all income over 550 per day (the first 550 per day ist edYou choose work 10 hours a day. Draw your budget constraint along with the indifference curve that shows your o p in (b) Suspose the tax law is changed so that ALL income is now subject to a 25tax. Do you...
Was group work more effective when using Kanban Flow? Yes/ no, explain. What do you think,...
Was group work more effective when using Kanban Flow? Yes/ no, explain. What do you think, how to make group work more effective? If you did the assignment alone: did kanban flow help you to manage your assignment and time? Would you use it for other assignments (group work). How to make group work more effective
Mastery Problem: Target Income and Margin of Safety Target Income and Margin of Safety At the...
Mastery Problem: Target Income and Margin of Safety Target Income and Margin of Safety At the break-even point, sales and costs are exactly equal. However, the goal of most companies is to make a profit. When a company decides that it wants to earn more than the break-even point of income, it must define the amount it thinks it will realistically make. By modifying the break-even equation, the sales required to earn a target or desired amount of profit may...
1. "compared to the welfare program.Earned Income Tax Credit(EITC) RESULTS IN MORE WORK INCENTIVE"- DO YOU...
1. "compared to the welfare program.Earned Income Tax Credit(EITC) RESULTS IN MORE WORK INCENTIVE"- DO YOU AGREE WITH THIS STATEMENT? JUSTIFY YOUR ANSWER USING GRAPH. 2. Unemployment Insurance Scheme is likely to increase the unemployment rate. why? use graph to explain.
If you were in charge of Target, what would you do to more effectively compete against...
If you were in charge of Target, what would you do to more effectively compete against Walmart?
You are trying to decide whether to pay a house painter $400 or
do the work yourself. It would be rational to hire a house painter
if
Choose one:A. you worked some extra hours last month
and your paycheck was $400 larger than usual.B. the last time you
painted your house, you saved the money and did it yourself.C. the
painters can do it more quickly than you can.D. the opportunity
cost of doing it yourself is more than $400.
just number 2 please.
S pose you can work anywhere from 0 to 24 hours a day at age of 10 hour. You et of 50% on all income over 550 per day (the first 550 per day ist edYou choose work 10 hours a day. Draw your budget constraint along with the indifference curve that shows your o p in (b) Suspose the tax law is changed so that ALL income is now subject to a 25tax. Do you...
Most questions answered within 3 hours.
-
In the movie "Is America Number One" we see a continued reliance
on a concept that...
asked 1 minute from now -
Calculate the mass of 11.3 mL of a liquid with a density of 8
g/mL. INCLUDE...
asked 1 second from now -
In tae-kwon-do, a hand is slammed down onto a target
at a speed of 11 m/s...
asked 1 minute from now -
consider the following price index in 2017:85; price
index in 2018: 100; price index 2019: 110;...
asked 24 minutes ago -
What is the [CH3COO–]/[CH3COOH]
ratio necessary to make a buffer solution with a pH of 4.34?...
asked 29 minutes ago -
a
physics textbook is thrown straight upward with a velocity of 5.00
m/s from the too...
asked 29 minutes ago -
QUESTION: Provide a real-world example or describe a
hypothetical situation in which a legitimate organization used...
asked 28 minutes ago -
In the United States, laws mandating that companies be
responsible for take back of electronic wastes...
asked 45 minutes ago -
URGENT PLEASE HELP. could you make it easy to understand and in
C++ thanks
1. (30...
asked 53 minutes ago -
Case Study. Multi Projects
Multi Projects, Inc., is a well-established consulting firm
with 400 employees. It...
asked 58 minutes ago -
An 8.00 kg point mass and a 15.0 kg point mass are held in place
50.0...
asked 59 minutes ago -
What would cause my program to execute the first if statement no
problem, but the second...
asked 1 hour ago