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Q. 1. Last year President Obama proposed a job creation program that included a payroll tax cut? Using economic theory and with the help of a graph discuss what is the likely effect of this tax cut on wages, employment and tax revenues. What determines whether employers or employees will benefit the most from this tax cut?
2. The demand curve for gardeners is GD = 19 - W, where G = the number of gardeners and W = the hourly wage. The supply curve is GS = 4 + 2W.
a. Graph the demand curve and the supply curve. What is the equilibrium wage and equilibrium number of gardeners hired?
b. Suppose the town government imposes a $2 per hour tax in all gardeners. Indicate the effect of the tax on the market for gardeners. What is the effect on the equilibrium wage and the equilibrium number of gardeners hired? Explain Explain how much does the gardener receive?
Explain how much does the customer pay? Explain how much does the government receive as tax revenue?
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
Assume that the returns of these stocks are independent of each other. Find the mean and standard deviation of the total amount that this investor earns in one year from these four investments.
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your respo..
What does it mean when asked; what are some considerations to remember given the different roles and people in the audience.
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
the shortcomings of NAFTA for the last 20 years including what each country has lost as a result of NAFTA.
Discuss in detail, the impact that currency movements are having on the economic data that you are collecting in Part A.
How does this policy involve the supply and demand for loan able funds. What occurs to the equilibrium interest rate.
Prices the selling monopoly charges for TV sets in periods 1 and 2.
Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
The mission must comprise APA format references on the final slide and in-text references on the slide where information is presented.
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