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Assume you won Loto-Quebec! Instead of receiving the prize as a lump sum payment you choose to receive $40,000 per year
Posted: Tue Nov 16, 2021 8:24 am
by answerhappygod
- Assume You Won Loto Quebec Instead Of Receiving The Prize As A Lump Sum Payment You Choose To Receive 40 000 Per Year 1 (27.28 KiB) Viewed 93 times
Assume you won Loto-Quebec! Instead of receiving the prize as a lump sum payment you choose to receive $40,000 per year for 25 years. As a result of that you decide to work part- time at 20 hours per week instead of 50 hours per week. Assuming a 50-week year, what is the annual income effect equal to? O A -0.0375 OB. 1 O C. -1 O D. 0.0375