6. A maximizing worker with u(r, c) = ¹/2 + ¹/2 earns a wage of 0.50 per hour. Non-labour income is zero. The worker allocates 90 hours per week between labour h and leisure r. Income is spent on composite consumption c. Provide an Indifference Curve and Budget Line Diagram to illustrate and quantify how this person would respond if offered an overtime wage of 1.00 per hour for work exceeding 40 hours per week. Show the initial choice, with w=0.50, and the new choice with w = 1.00.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

10 co Interest Rate (%) N B Investment Demand O E 0 $30 60 90 120 150 Investment ($) Price Level 0 AS Q₁ Real GDP ($) AD, (I=120) -AD₂ (I=90) *AD, (I=60) Refer to the above graphs, in which the numbers in parentheses near the AD₁, AD2, and AD3 labels indicate the level of investment spending associated with each curve, respectively. All numbers are in billions of dollars. The interest rate and the level of investment spending in the economy are at point C on the investment demand curve. To achieve the long-run goal of a noninflationary full-employment output Qf in the economy, the Fed should: decrease aggregate demand by increasing the interest rate. make no change in the interest rate. increase aggregate demand by decreasing the interest rate. increase aggregate demand by increasing the interest rate.

38. Federal fiscal year runs from Group of answer choices July 1, 2014 – June 30, 2015 Oct 1, 2014- Sept 30, 2015 Apr 1, 2014 – Mar 31, 2015 Jan 1, 2014 - Dec 31, 2014