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Consider Toms labor supply decision. Tom can earn $15 per hour, but he faces a 20% tax rate and pays $4 per hour in child care expenses for each hour he works.
a. What is Tom's 'real' hourly wage rate?
b. How much will it be if he had 128 hours of leisure (= worked 40 hours)?
c. Graph Tom’s weekly time budget constraint.
a firm has two semi-autonomous divisions production and marketing. the production division manufactures a product that
assume that country a has a population of 500000 and only produces 1 good cars. country a produces 100000 cars per
Explain it in depth like the last time.
But in the off-season, when the kids are back at school, one can find rooms for as little as $60 a night. Assume the average fixed cost of a room per night, including local government rates, insurance, taxes and depreciation, is $75.
Each demand curve must eventually hit the quantity axis because with limited incomes there is always a value so high that there is no demand for the good.
A new aerated sewage lagoon is required in a small town. Earlier this year one was built on a similar site in an adjacent city for $2.3 million. The new lagoon will be 65 percent larger. Use the data in Table 2-l to estimate the cost of the new lagoo..
based on grossly distorted picture how useful do you think gdp is as an economic indicator? what are its limitations as
The question below is regarding Comcast. They are involved in an Obligopolistic market. Can you please help me to provide the answer for the questions below relating to Comcast and the market.
points on demand curve priceper ounce quantity ounces per showd
land along the yarra river in melbourne has high value as developed property but in undeveloped form increases the
calculate the following elasticity coefficient. interpret the coefficient fully. nextnbsp graph this price and quantity
If the current price of the product is $150, what is the quantity supplied and the quantity demanded? How would you describe this situation and what would you expect to happen in this Market?
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