The government tax revenue is REV = tw*(t)N*(t). Among the options provided below, which tax rate yields the largest tax revenue? 0.25 (i.e. 25%) 0.5 (i.e. 50%) 0.75 (i.e. 75%) 0.99 (i.e. 99%) Consider the decisions of a representative consumer whose preferences are given by: u(C,1) = In C+ Inl where C is the quantity of consumption and 1 is the quantity of leisure. The consumer faces two constraints. The time constraint is given by 1 + N³ = 1, with N³ as the time spent working (or the labor supply). Further, consumer take wages as given and obtain after-tax labor income that is equal to w(1t)Ns where t is the income tax rate (0 < t < 1). Thus the consumer's budget constraint is given by C = w(1 − t)(1 − 1) + π where is the real dividend income received from the representative firm (i.e. firm profits).

solve this all these three subparts early i upvote

A6

how to construct, how do you kno which values map to what?(p1 * w1 + p * w)

James has a wage income of $50.000 in the present and $200.000 in the future. His utility is given as U = min (2Cp, Cr) - that is, his utility is the lesser of twice the dollars spent on present consumption or the dollars spent on future consumption. The interest rate is 30%.   (A) What is the minimum amount of money James would be willing to accept today to have the interest rate at 40% rather than 30%? Explain and show work     (B) What is the maximum amount of money James would pay today to have the interest rate at 30% rather than 40%? Explain and show work

3) Marco has $100 worth of grain in period 1 but gets no grain in period 2. Marco has two choices. He can store the grain that he does not consume in period 1. This results in a loss of 20% of the grain due to pests. Assume that with this option he will choose to consume 68 units of grain in period 1 and 26 units in period 2. Instead, Marco can sell the grain he does not consume in period 1 and lend the money from that sale to someone today at an interest rate of 10%. He can then use the repayment of that loan to buy gain in period 2. a) Based on this information, draw a diagram that outlines Marco's choices. Is he definitely better off once the opportunity to lend is available to him? b) Relative to his initial equilibrium point, does he unambiguously consume more in both periods once he can lend out the excess he does not consume in period 1? c) Now assume that Marco can sell any excess grain he doesn't consume in period 1 and invest the money he gets in a new type of risky activity.…

Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not work, you have no income. You have no ability to borrow or lend, so your consumption, c, is simply equal to your income. Derive and plot the feasible set, between daily values of consumption c, and “leisure”, l.  Label the values at the intercepts (the points where the feasible frontier cuts the two axes).

i need 100% correct answe  answer.Please don't attempt if you are not confidence

10

only typed solution