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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?
What is your thought about tracking the U.S. Economy and Unemployment and Inflation.
Draw your budget constraint assuming that you pay no taxes (and receive no subsidies) on your income. On the same diagram, draw another budget constraint assuming that you receive a 20 percent subsidy (that is, for every dollar you receive in labor m..
q.the short-run production function for a manufacturer of flash memory drives is shown in the table below. based on
Explain what you would rather maximize your total or marginal utility? How do you think you would determine when to stop consuming if you were at an all you can eat buffeted?
q. in 1999 mercedes- benz usa assumes a new pricing policy which it called nfp negotiation- free process that sought to
A product has a negative income elasticity. What does that measure tell us about the product? Answer should be two paragraphs.
At what level of output are total profit maximized. Illustrate what price will be charged.
Discuss how labour productivity and living standard are related. Examine how property rights affect a nation’s standard of living. Suppose the government grants a tax concession on companies’ investments in order to encourage private investment. Exam..
q1. assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in
What is the outcome of the case and whether you agree with the final decision and why?
Forecasting models can be divided into three groups
A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $4,000. The marginal cost of producing the 100th unit of output is $700. What is the total cost of producing 100 units?
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