You work at a restaurant in New York City. You earn $20 an hour and you...
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You work at a restaurant in New York City. You earn $20 an hour and you work 25 hours a week. Your boss wants you to get vaccinated for COVID because the city requires it. But she says that if you don't get vaccinated, you can still work, she is just going to pay you $2 less per hour until you do get vaccinated. Your sister's husband's father says he heard that vaccines cause brain damage, and you believe him. You don't want to get vaccinated. You don't get vaccinated, and work for 8 weeks like that. Then you figure out vaccines actually are a medical miracle and you get vaccinated. When you get the vaccine, you also get sick and miss a week of work. Graph your earnings if you had never gotten vaccinated. Graph your earnings if you had immediately gotten vaccinated. Graph your earnings that you actually did receive, based on the timeline above of when you got vaccinated and when you got sick. When will your earnings from getting vaccinated catch up with your earnings in the version of the world where you never got vaccinated? Mark that point on the graph. You work at a restaurant in New York City. You earn $20 an hour and you work 25 hours a week. Your boss wants you to get vaccinated for COVID because the city requires it. But she says that if you don't get vaccinated, you can still work, she is just going to pay you $2 less per hour until you do get vaccinated. Your sister's husband's father says he heard that vaccines cause brain damage, and you believe him. You don't want to get vaccinated. You don't get vaccinated, and work for 8 weeks like that. Then you figure out vaccines actually are a medical miracle and you get vaccinated. When you get the vaccine, you also get sick and miss a week of work. Graph your earnings if you had never gotten vaccinated. Graph your earnings if you had immediately gotten vaccinated. Graph your earnings that you actually did receive, based on the timeline above of when you got vaccinated and when you got sick. When will your earnings from getting vaccinated catch up with your earnings in the version of the world where you never got vaccinated? Mark that point on the graph.
Expert Answer:
Answer rating: 100% (QA)
To graph your earnings in different scenarios lets consider the following Scenario 1 Never getting v... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
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