--%>

Break-even level of income

The break-even level of income for four member of family under the negative income tax system demonstrated in this figure is: (1) $15,000 per year. (2) $30,000 per year. (3) $45,000 per year. (4) $60,000 per year. (5) $75,000 per year.

2281_Problem on Negative Income Tax.png

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Market Power-Demand for Labor I have a

    I have a problem in economics on Market Power and the Demand for Labor. Please help me in the given question. The lack of competition in product market outcomes in: (1) Less labor being hired than when the markets were competitive. (2) Many labor bein

  • Q : When market for a good is in equilibrium

    Whenever the market for the good is in equilibrium, this signifies that the: (i) Demand and supply are equivalent. (ii) Tax wedge is perfectly offset by the government advantages. (iii) Differences among demand prices and supply prices equivalent profit per unit. (iv)

  • Q : Arbitrager-individual or organization

    The arbitrager is an organization or individual that will: (1) Simultaneously purchase low and sell high in various markets. (2) Create disparities among prices in various markets. (3) Resolve disputes among sellers and consumers. (4) Purchase low and

  • Q : Purpose of shortages of price in price

    Price ceilings tend to purpose of: (a) opportunity costs to decline. (b) monetary prices to rise legally. (c) shortages of price controlled goods. (d) black markets to disappear. (e) surpluses of goods at inflated prices.

    Q : Program of Craft Unions The union based

    The union based just on workers with a specific skill, and which usually consists of apprenticeship programs which lead to ‘journeyman’ and then ‘master craftsman’ ratings is a/an: (1) Craft union. (2) Open union. (3) Company union. (4) Exclusi

  • Q : Supply of good in competitive economy

    When the supply of a good shrinks in a competitive economy, there tends to be a raise in the: (1) Product price. (2) Incomes of producers. (3) Demand for resources. (4) Quantity supplied. Can someone please help me

  • Q : Function of Capitalization Winning

    Winning $50,000 yearly for 20 years is similar as winning: (w) $1 million today. (x) less than $1 million today. (y) more than $1 million today. (z) $100 per day, forever. Hello guys I want your advice. Please recommend some views

  • Q : Isoquants and isocost lines By using

    By using isoquants and isocost lines, illustrates graphically that rise in y will result in a decline in the quantity demanded of x1 and also illustrates that rise in the price of x1 will result in a reduction in the quantity demanded of x1<

  • Q : Purely competitive firms in long-run

    Purely competitive firms in long-run equilibrium as: (w) should use the most efficient technology available. (x) follow cut throat policies to produce more than society demands. (y) produce output levels where TC = TR = MR = MC = P = AR = AC. (z) have

  • Q : Estimate total revenue when unitarily

    When the demand for computer hard drives is unitarily price elastic among lower prices and current prices, lowering prices slightly will yield as: (w) higher total revenue. (x) lower total revenue. (y) no change in total revenue. (z)