Answer the Following

question 46

Essay

Answer the following:
a)Sarah drives 6 miles to work every day.Liam takes the same route but has to drive for a total of 11 miles.With the objective of reducing traffic jams,the government decides to impose a tax on drivers.How would an annual fixed payment of $500 as congestion charges affect Sarah and Liam? Explain your answer using indifference curves and a common budget line for Liam and Sarah.
b)What if the government decided to impose a fee of $1 per mile driven?

---

Definitions:

Career Progression

Career progression involves the advancement or upward movement in one's professional life, through promotions, learning new skills, or changing roles.

Management-By-Objectives

A managerial strategy where employees and managers collaborate to set, monitor, and achieve specific objectives within an organization.

Behavioural Observation

The method of recording the behavior of individuals or groups within set environments, primarily used for research, study, and analysis in various fields.

Employee Development

The continuous effort to improve an employee's skills and capabilities, enhancing their performance and career progression.