Question

For all of the following, assume people sleep 8 hours a day and allocate 16 hours per day for leisure, work and work-related activities. Draw the graph combing steep or flat worker indifference curves with budget constraint line and give the explanation for each question. Suppose that the government is considering several options to guarantee that legal services are provided to the poor. Analyze the lawyers' work incentives of each of these programs. la. All lawyers would be required to devote 5% of their work time per year to the poor free of charge. (3 points) 1b. All lawyers would be required to provide 100 hours of work per year, free of charge, to the poor. (3 points) 1c. All lawyers who earn more than $50,000 pretax income in a year would have to donate $5,000 a year to a fund that the government would set up to hire lawyers (at market wages) for the poor. (4 points) (Hints: you can discuss or argue that which shape of indifference curve that a lawyer might have. For 1b and 1c, you can discuss or argue working hours per year and pretax income by different cases for a lawyer)

          For all of the following, assume people sleep 8 hours a day and allocate 16 hours per day for leisure, work and work-related activities. Draw the graph combing steep or flat worker indifference curves with budget constraint line and give the explanation for each question.
Suppose that the government is considering several options to guarantee that legal services are provided to the poor. Analyze the lawyers' work incentives of each of these programs.
la. All lawyers would be required to devote 5% of their work time per year to the poor free of charge. (3 points)
1b. All lawyers would be required to provide 100 hours of work per year, free of charge, to the poor. (3 points)
1c. All lawyers who earn more than $50,000 pretax income in a year would have to donate $5,000 a year to a fund that the government would set up to hire lawyers (at market wages) for the poor. (4 points)
(Hints: you can discuss or argue that which shape of indifference curve that a lawyer might have. For 1b and 1c, you can discuss or argue working hours per year and pretax income by different cases for a lawyer)

For all of the following, assume people sleep 8 hours a day and allocate 16 hours per day for leisure, work and work-related activities. Draw the graph combing steep or flat worker indifference curves with budget constraint line and give the explanation for each question.
Suppose that the government is considering several options to guarantee that legal services are provided to the poor. Analyze the lawyers' work incentives of each of these programs.
la. All lawyers would be required to devote 5% of their work time per year to the poor free of charge. (3 points)
1b. All lawyers would be required to provide 100 hours of work per year, free of charge, to the poor. (3 points)
1c. All lawyers who earn more than 50,000 pretax income in a year would have to donate5,000 a year to a fund that the government would set up to hire lawyers (at market wages) for the poor. (4 points)
(Hints: you can discuss or argue that which shape of indifference curve that a lawyer might have. For 1b and 1c, you can discuss or argue working hours per year and pretax income by different cases for a lawyer)

Added by Brett H.

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