Answers the questions (thank you)! Name:5. Choose the item that represents an expense.A. Wages from a part-time jobB. Loan paymentC. Investment incomeD. Scholarship6. Ojana earns a net income of $557.09 every two weeks at a part-time job.Her expenses are $340 each month for rent and utilities, $135 every 2 weeks for groceries, $90 every 2weeks for miscellaneous items, and $30 a week for entertainment.How much can Ojana save each month?A. $250B. $204KNOWLEDGE SECTIONc) Bi-weekly mortgage paymentsd) Monthly charges for natural gasC. $9697. Classify each expense as a fixed or variable expense.a) Monthly condo feesb) Bi-monthly charges for electricity usage8. Sharon broke a faucet in an apartment she rents.Is the landlord legally responsible for replacing it? Explain.Sharon isesponsible for itUltimate Due Date:.9. Daccia pays $810 a month in rent, which includes gas and water.She makes monthly tenant insurance payments of $34.03.She pays $48.45 a month for phone and TV.10. This circle graph represents Jaya's expenses for one month.D. $22Daccia is on an equal payment plan for electricity and pays $76.11 every two months.What are Daccia's total annual housing expenses?

Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Answered: 5. Choose the item that represents an…

5. Choose the item that represents an expense. A. Wages from a part-time job B. Loan payment Dir Ultimate Due Date:, C. Investment income D. Scholarship

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 2SCQ: Jonathan is a single father with one child. He can work as a server for $6 per hour for up to 1,500...

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Question

Answers the questions (thank you)!

Name:
5. Choose the item that represents an expense.
A. Wages from a part-time job
B. Loan payment
C. Investment income
D. Scholarship
6. Ojana earns a net income of $557.09 every two weeks at a part-time job.
Her expenses are $340 each month for rent and utilities, $135 every 2 weeks for groceries, $90 every 2
weeks for miscellaneous items, and $30 a week for entertainment.
How much can Ojana save each month?
A. $250
B. $204
KNOWLEDGE SECTION
c) Bi-weekly mortgage payments
d) Monthly charges for natural gas
C. $969
7. Classify each expense as a fixed or variable expense.
a) Monthly condo fees
b) Bi-monthly charges for electricity usage
8. Sharon broke a faucet in an apartment she rents.
Is the landlord legally responsible for replacing it? Explain.
Sharon is
esponsible for it
Ultimate Due Date:.
9. Daccia pays $810 a month in rent, which includes gas and water.
She makes monthly tenant insurance payments of $34.03.
She pays $48.45 a month for phone and TV.
10. This circle graph represents Jaya's expenses for one month.
D. $22
Daccia is on an equal payment plan for electricity and pays $76.11 every two months.
What are Daccia's total annual housing expenses?

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Jonathan is a single father with one child. He can work as a server for $6 per hour for up to 1,500 hours per year. He is eligible for welfare, and so if he does not earn any income, he will receive a total of 10,000 per year. He can work and still receive government benefits, but for every 1 of income, his welfare stipend is 1 less. Create a table similar to Table 15.4 that shows Jonathans options. Use four columns, the first showing number of hours to work, the second showing his earnings from work, the third showing the government benefits he will receive, and the fourth column showing his total income (earnings + government support). Sketch a labor-leisure diagram of Jonathans opportunity set with and without government support.