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Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax on workers and firms, (2) the effect of the tax on employment, and (3) the effect of tax on the market wage. Which of the above (burden, employment, and/or market wage) change if we instead impose the tax on employers?
when marketers discuss market segmentation the conversation soon turns to include the concept of target marketing. what
Firms like Papa John's, Domino's, and Pizza Hut sell pizza and other products which are differentiated in nature. While numerous pizza chains exist in most locations, the differentiated nature of such firms products permits them to charge prices a..
Graphically show how the short run Phillips curve can shift when actual inflation is less than expected inflation be sure to include a description of all the key points in the model.
As Malcolm Gladwell points out in his article "High Prices," increases in drug spending are more the result of increases in drug utilization then in increases in drug prices. Why is this relevant to the debate over whether something should be done..
Zelda Industries is the only firm of its kind in the world. Due largely to historical accident, it began producing streganomas in 1985 in a vacant warehouse. Virtually anyone with a degree in college chemistry could easily replicate the firm's formul..
budget sets and full price elasticitya suppose that marthas income is 40000 per year. she can spend it on health care
As a manager of a firm you find the marginal cost of the firm to be $10 and the fixed cost $100. For the range of prices that you are planning to charge, own price elasticity of demand is believed to be –1.25. Calculate the optimal (profit maximizing..
Identify which of the following statements is always true for a natural monopoly as the number of units produced (output) increases.
Normal 0 false false false EN-US X-NONE X-NONE A project has a first cost ..
Consider a three-year car loan. The price of the car is $10,000. The interest rate is 5% for the first year but is 10% for the remaining years. What should be the (fixed) annual payment?
Compare the political scientist's view of government and economic policymaking and the Public Choice conception of politicians, bureaucrats and special interest groups in the political process. Which do you consider to be more realistic for underst..
apple computers cost to produce the components the headphones and the packaging it ships in comes to 21.77 for the ipod
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