In the Labor Supply Model, consumer has a choice between consumption and leisure. If they were to reduce their leisure and allocate more time working, they will be able to consume more. The amount of labor and consumption are determined by the interaction of consumer’s preferences and budget constraint. In this model, the utility function to be maximized is U(C,L), where individual cares about consumption (C) and leisure (L). The utility function is subjected to the budget constraint of

“Pc” denoted the price of consumption goods and “C” indicates the consumption. “W” is the wage rate or the opportunity cost of forgoing leisure and the portion of (-R) is the number of hourly works, or labor hours (L). “M” stands for the non-labor income or unearned income. The equation can be rearranged into: P*C + W*R = W* +m

“M”, the non-labor income, divided by price of consumption (Pc), will provide us with the amount of endowment consumption, “”. Therefore, = M/pc. The equation will be P*C + W*R = W* + P* This equation stated that the value of a consumer’s consumption plus his or her leisure has to equal to the value of endowment of consumption and the endowment of time. The right hand-side of the equation (W* +P* ) represents a person’s full income (S). In other word, it’s an amount that a person could earn if he devoted all his time to work. Through this equation of budget constraint, it’s clear that the utility maximization problem is just a standard consumer choice problem with “C” and “L” as the two commodities that can be bought in the market. The budget constraint when rewrite the equation we get: C = + (W*)/P – (W/P)*R

The slope of budget constraint is (-W/P). The endowment is the point where they spend all hours on relaxation and do not work at all; their endowment consumption is .

...1. Which equation below represents the quadratic formula?
*a. -b±b2-4ac2a = x
b. a2+b2=c2
c. fx=a0+n=1∞ancosnπxL+bnsinnπxL
2. Which of the following represents a set of parallel lines?
a. Option one
b. Option two
*c. Option three
3. What is the definition of an obtuse angle?
*a. an angle greater than 90°
b. an angle equal to 90°
c. an angle less than 90°
4. Which formula below represents the area of a circle?
a. A=2πr
*b....

...It is too hard to take out the negative points on this matter because it is truth but like everything, it’s also included in both points, negative as well as in positive. Before considering the nature of its rareness, it is essential to know the relation of a country with its people who are living in it as well as those who have migrated from it. A place or an area always called a country when some people live in it with sincerity. Both have equal rights to do work for one another. If it is...

...Straight Line Equations and Inequalities
A: Linear Equations - Straight lines
Please remember that when you are drawing graphs you should always label your axes and that y is always shown on the vertical axis. A linear equation between two variables x and y can be represented by y = a + bx where “a” and “b” are any two constants. For example, suppose we wish to plot the straight line If x = -2, say, then y = 3 + 2(-2) = 3 - 4 = -1 If x= -2 -1 -1 1 0...

...Understanding by Design by Grant Wiggins and Jay McTighe
Backward Design
Why “backward” is best
Deliberate and focused instructional design requires us as teachers and curriculum writers to make an important shift in our thinking about the nature of our job. The shift involves thinking a great deal, first, about the specific learnings sought, and the evidence of such learnings, before thinking about what we, as the teacher, will do or provide in teaching...

...hiding the message at a volume too low to pick up.
Other sounds are played above these messages to mask their identity.
Another more famous form of audio subliminal messaging is known as “backmasking”. It often involves music that, when played backward, sends a different message than when played forward.
This form of subliminal message was responsible for a wave of hysteria beginning in the 1970s as the media claimed that numerous songs hid satanic messages behind their...

...Running Head: BACKWARD DESIGN
Backward Design
Healthy community
Title: How does a healthy community look like? Subject: English
Topic: Healthy community Grade: 7 Designer: laila
Established Goals:
Talking and listening:
• Communicate in simple formal and informal situations, expressing ideas and opinions clearly.
• Vary strategies for talking and...

...The novel Looking Backward by Edward Bellamy is a social commentary on the problems of late 1800’s society. Bellamy compares the negative afflictions of his time to an imagined utopia of the future year 2000 in order to open the eyes of the reader. By doing this, he hopes to create a social awareness for the poor cultural and economic values so that future generations can change for the better.
One of the conditions that afflicted America in 1887 was in regards to labor. When...

...assumptions that turn out to be very close to the truth.
6. They give approximate, not exact, results that are usually more than adequate for engineering work.
7. Calculus and a little differential equations are all the mathematics required for this approach, not the partial differential equations or tensor analysis that are typical tools in elasticity.
Types of beam loads
* Uniform
* Varied by length
* Single Single point point
* ...