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Suppose you win a lottery, and your after-tax gain is $40,000 per year until you retire. As a result, you decide to work part time at 32 hours per week in your old job instead of the usual 40 hours per week.
a) Calculate the annual income effect on hours worked from this lottery gain based on a 50-week year.
b) What is the substitution effect on hours worked associated with this lottery win? Explain.
Show why the firm should not be charged a per-unit tax on the firms output to compensate for the pollution it discharged into a major river. Devise a game plan for responding to the questions that will be raised in the joint session of the subcomm..
What was the impact on the supply and demand of labor on one sector of the labor market? Explain the factors that affected labor demand and labor supply in the chosen historical example.
Netflix has been disruptive to more than one market. Select the market in which you think it has been least disruptive.
Suppose that he can earn 5% on this long-term account, that he will make 40 deposits, and that he will make the first withdrawal one year after the last deposit. How big can Francisco's withdrawals be?
The United States is experiencing a recession and Congress decides to adopt an expansionary fiscal policy to stimulate the economy.
Think of the company that sells the product or service you identified in DQ #2 during Week One. Explain how and why the company would use the concepts of average productivity and marginal productivity
illustrate what would be the government spending multiplier. What would be the taxation multiplier.
In the northeast US and in eastern Canada, many citizens heat their homes with heating oil. Suppose you are one of these people, and you are expecting a cold winter, so you are considering your heating oil requirements for the season.
Which of the following are flows. If a flow, which of the five major kind(s) of capital does it increase or decrease.
The production possibilities curves above show all the possible combinations of helicopters and scooters that two towns, Millerville and Jamestown, can create using equal amounts of resources.
If Englad can produce either 15 units of corn or 30 sweaters in one unit of labor and Portugal can produce 10 units of corn and 5 sweater in one unit of labor as well, explain how would each nation benefit (numerically) from trade.
q.assume the working income tax benefit tops up a single individuals income by 25 percent of the amount that employment
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