キ4 Tax 16 TO l00 Guantity

6. Who should pay the tax? The following graph gives the labor market for laboratory aides in the imaginary country of Episteme. The equilibrium hourly wage is $10, and the equilibrium number of laboratory aides is 150. Suppose the federal government of Episteme has decided to institute an hourly payroll tax of $4 on laboratory aides and wants to determine whether the tax should be levied on the workers, the employers, or both (in such a way that half the tax is collected from each party). Use the graph input tool to evaluate these three proposals. Entering a number into the Tax Levied on Employers field (initially set at zero dollars per hour) shifts the demand curve down by the amount you enter, and entering a number into the Tax Levied on Workers field (initially set at zero dollars per hour) shifts the supply curve up by the amount you enter. To determine the before-tax wage for each tax proposal, adjust the amount in the Wage field until the quantity of labor supplied equals the…

Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56   What do these MPC’s imply about the students’ thinking over the course of the year?   (Enter response here.)   What is likely happening in the economy during the same period of time?

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

The Law Firm of Smith and Jones of Barrie, Ontario has 3 new civil cases and 5 lawyers available for assignments.  Based upon the type of case and the qualifications of each lawyer, the managing partners have determined the profits (in $1000’s) that the law firm would make if each particular lawyer was assigned to each particular case.  Their analysis produced the following profits:   Profits (1000’s)                                              Case Lawyer        A    B      C Lui        36    53    101    Pathak        39    54    105 Owens        43    50    103 Rosen        42    54    104 Millier        45    57    101   To keep lawyers available for future cases, Smith and Jones’ policy is to assign at most 1 lawyer to each specific case.  To better serve its clients, Smith and Jones’ policy is to assign each specific lawyer to at most one case at a time.  Using xij’s as your decision variables, formulate a linear programming model so that Smith and Jones’s can determine which…

The following graph gives the labor market for laboratory aides in the imaginary country of Episteme. The equilibrium hourly wage is $10, and the equilibrium number of laboratory aides is 150. Suppose the federal government of Episteme has decided to institute an hourly payroll tax of $4 on laboratory aides and wants to determine whether the tax should be levied on the workers, the employers, or both (in such a way that half the tax is collected from each party). Use the graph input tool to evaluate these three proposals. Entering a number into the Tax Levied on Employers field (initially set at zero dollars per hour) shifts the demand curve down by the amount you enter, and entering a number into the Tax Levied on Workers field (initially set at zero dollars per hour) shifts the supply curve up by the amount you enter. To determine the before-tax wage for each tax proposal, adjust the amount in the Wage field until the quantity of labor supplied equals the quantity of labor demanded.…

40.) What was one negative consequence of the development of factories? a. People migrated to cities for factory jobs b. the first textile factory was built in England c. Diseases spread quickly through cramped factory neighborhoods

2. (a) Derive and carefully explain the wage- and price-setting model.

3. Mercantilism Mercantilism is an economic system which developed after manorialism (from the 15th to the 18th centuries – time period) and is associated with colonial types of government. Some countries that practiced mercantilism included Great Britain, Portugal and Spain (society). Mercantilism is when a country believes that the more wealth it stores up, the greater their government should be. So, mercantilist countries build up their nation's wealth by exporting (selling) more goods than they import (buy from other countries). Countries needed to find places to sell their goods as well as to find places where to get natural resources. For this reason, they found and conquered colonies. Colonies supplied their Mother countries with the raw materials that were used to produce finished goods and then send those goods back to their colonies. Generally, merchants controlled what resources were to be produced and how they were to be used, sold or traded. However, monarchs (kings or…

For each of the proposals, use the previous graph to determine the new number of research assistants hired. Then compute the after-tax amount paid by employers (that is, the wage paid to workers plus any taxes collected from the employers) and the after-tax amount earned by research assistants (that is, the wage received by workers minus any taxes collected from the workers). Levied on Employers (Dollars per hour) 4 Tax Proposal 0 2 Levied on Workers (Dollars per hour) 0 4 2 Quantity Hired (Number of workers) After-Tax Wage Paid by Employers (Dollars per hour) O The proposal in which the entire tax is collected from workers O The proposal in which the tax is collected from each side evenly O The proposal in which the tax is collected from employers O None of the proposals is better than the others After-Tax Wage Received by Workers (Dollars per hour) Suppose the government doesn't want to discourage employers from hiring research assistants and, therefore, wants to minimize the share…