Suppose That the Total Number of Hours (T)is 720 and the Wage

question 15

Essay

Suppose that the total number of hours (T)is 720 and the wage rate is $10.Suppose further that all income is spent on consumption,so that the vertical axis is also total consumption.
(A)Sketch this graph.
(B)Sketch the graph if a 5% consumption tax is imposed.
(C)Can you say conclusively that a consumption tax will lower hours worked?

Appreciate the role of two-way communication in engaging audiences on social media platforms.

Identify the tools and platforms revolutionizing public relations.

Understand the challenges and benefits of social media management for PR practitioners.

Assess the role of social media influencers and the importance of measuring social media activities.

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