Final answer:
A table is created to analyze how Susan's earnings from work and government support interact to impact her total income. It shows a trade-off between wages and government benefits, illustrating the opportunity cost concept. Other factors, like childcare and transportation costs, may also influence her incentive to work.
Step-by-step explanation:
The question involves creating a table to analyze the impact of wage income and government support reduction on total income for an individual, Susan, who can earn an hourly wage up to a certain number of hours or receive government benefits. To address the requirements, we construct a table with four columns: hours worked, earnings from work (wage multiplied by hours worked), government support (initial government benefits minus earnings from work), and total income (sum of earnings from work and government support). This scenario illustrates the economic concept of opportunity cost and can affect one's incentive to work; as Susan earns more from working, she receives less in government support, potentially reducing the financial benefit of additional work hours.
Additionally, there can be other opportunity costs that may reduce the incentive to work. These might include the value of leisure time, childcare expenses, transportation costs, and the loss of other non-monetary government benefits not accounted for in this analysis. These factors need to be considered when evaluating the overall impact of such assistance programs on an individual's decision to engage in more or less work.