Lesley is a single mother with 2 children she can earn 10


Lesley is a single mother with 2 children. She can earn $10 per hour and can work up to 1,800 hours per year. However, if she does not earn any income at all, she will receive government benefits totalling $18,000 per year. For every $1 of income she earns, her level of government support is reduced by $1. Lesley

has no monetary incentive to work, though she may still choose to work

has a monetary incentive to work and will maximize her income if she works for 300 hours

has a monetary incentive to work and will maximize her income if she works for 600 hours

has a monetary incentive to work and will maximize her income if she works for 900 hours

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Lesley is a single mother with 2 children she can earn 10
Reference No:- TGS0947263

Expected delivery within 24 Hours