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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?
Home produced 450 bushels of pears also 1050 cellular phones. This year it produced 450 bushels of pears also 2000 cellular phone.
(The Long-Run Industry Supply Curve) A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium
Which of the subsequent statements would best describe the UK's population at present?
Why does the government have a bad reputation of being inefficient? And if it is inefficient in some areas and not others, does that mean they should privatize the inefficient responsibilities?
Define benefit and cost externalities. Explain why situation involving benefit externalities tend to result in an under allocation of society’s scarce resources.
A firm with Monopoly in two markets and the same costs of serving them should charge a higher price in that market with a higher demand.
Share your views on whether we have an equal pay problem in the U.S. and why or why not? Have you or anyone close to you ever experienced gender pay inequality on the job? If yes, please explain.
Assume that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition.
Illustrate what is worth analysis and Illustrate what things and conditions are to be kept when doing worth analysis of products and or construction work. Illustrate what are advantages of utilizing yearly worth analysis.
Illustrate what type of market structure would this behavior likely be prevalent. Illustrate what does this behavior accomplish for the firm.
Will these monopolies typically earn economic profits. Why do not other airlines enter these monopoly routes.
When a country, say Greece, adopted the Euro as its currency, what happened to the debt that was based on the Drachma? Was it converted into Euros?
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