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Some time ago the city of Chicago imposed a new per-worker employment tax on employers to help pay for city services. A city alderman, asserting that the city lawyers drafted the law so that it taxed employers, not workers, said ``The City of Chicago will never tax the working man." Show the consequences of this tax on the local labor market using diagrams. That is, show (1) the effects of the tax on equilibrium wage and employment; (2) the effects of the tax on the effective wages received by workers and paid by firms; and (3) the tax incidence or burden to workers and firms. Then, based on your diagram, comment on the alderman's statement.
q1. from 1947 to 1997 the cpi in us raised to 637 therefore inflation rose 637. use this fact to adjust each of the
A manager is trying to decide whether to build a small medium or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.25, 0.40, and 0.35, respectively. If a large facility is built and demand is high, earnings..
Why might governments nationalize firms and do they have added advantage or unfair one over the private owned firms? What are the different forms of terrorism and how can international managers meet this challenge?
Suppose that you close down your coffee shop and sell your coffee maker for $500. If you originally bought the coffee maker for $4,000 and it lost $1,000 because of depreciation (i.e., age and use), the sunk cost of the coffee maker is:
A heat exchanger cost $7500 in 2005 and must be replaced soon with a larger unit. The present unit has an effective area of 250 feet and its replacement should have an area of 350 feet. Replacement is anticipated in 2015 when the price index is estim..
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
A country has national saving of $80 billion, government expenditures of $40 billion, domestic investment of $60 billion, and net capital outflow of $20 billion. What is its demand for loanable funds?
Illustrate what are major arguments in case for income equality. Illustrate what are major arguments in case for income inequality.
She says the tax will generate $100,000 tax revenues per month. What assumption is she making.
An appliance manufacturer produces two models of microwave ovens: H and W. Both models require fabrication and assembly work; each H uses four hours of fabrication and two hours of assembly, and each W uses two hours of fabrication and six hours of a..
What do the data in exhibits 1 &2 tell us about Brazil's economic performance over the last 30 years. Critically evaluate Brazil's performance during the 2000's: The Lula Years. How would you, as newly elected leader of Brazil, address the "custo Bra..
Elucidate what would you recommend as a course of action, if any. For the industry you have chosen, discuss how price moves from today to the future.
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