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- Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality. Take care of plagiarism. Answer completely. You will get up vote for sure.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…5. The average lifetime duration of credit card clients of Work Bank is 5 years. a) What is retention rate of Work Bank for credit card clients? b) What is defection rate of Work Bank for credit card clients? c) If Work Bank had 100,000 credit card customers clients in the beginning of 2015, how many of these clients will be retained by the Bank by the end of 2018? (assume that the retention rate does not change throughout the years 6. The defection rate of the time-deposit clients of White Bank is 10%? a) What is retention rate of White Bank's time deposit clients? b) What is the life time duration of White Bank's time deposit clients? 7. GOLDY, an expensive jewelry shop acquired 5 clients in the beginning of 2010. (Assume that we are now at 2018 year end.) 1st client stopped purchasing from GOLDY at the end of 2012. 2nd client is still purchasing from GOLDY. 3rd client died at the end of 2014 4th client is still purchasing from GOLDY. 5th client is stopped purchasing from GOLDY at…
- pls solve question for microeconomic theoryEach 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.
- 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.16. The following figures relate to one year work in a manufacturing business : Fixed overheads Variable overheads Direct wages Direct materials Sales 12,000 20,000 15,000 41,000 1,00,000 Represent each of the above figures on a break-even-chart, and determine from the chart the break-even point. [Ans. 50,000]2. (a) What does the index of intra-industry trade measure and does it tell us anything about the total amount of trade? (b) There are two ways of measuring the degree of intra-industry trade within an industry: min (imports, exports) Index of intraindustry trade = 1 2 (imports + exports) -(lexpe (lexports - imports| exports + imports Grubel Lloyd index = 1 - Using the first formula, calculate the index of intra-industry trade for the U.S in 2014 for the products on Table 1. Using your answer in (b) above, what does the index of intra- industry trade of men's shorts, large passenger aircraft, telephones and golf carts tell us? (d) What are the two necessary conditions to obtain a high index of intra-industry trade?
- 34. Type of product: There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who passed inspections can acquire and maintain their license. * E (1 Point) Standardized (Identical) Differentiated Standardized (ldentical) ucers that sell pasta to hundreds of Italian buy from the cheapest pasta producer they can. 35. UniqueIn the island nation of Autarka, cardboard boxes are manufactured by four rms: Andrew'sIndustries, Brett's Boxes, Carla's Cardboard, and Delia's Durables. In Autarka, cardboard boxes are sold in bundles of 100. At present, the market price for a bundle of boxes is $30. The technology for manufacturing cardboard boxes is readily available and common to all manufacturers. The cost of plant and machinery for a rm in the box manufacturing business is $7,000,000 per year. The labour, material, and energy cost of producing abundle of 100 boxes is $20. A market study indicates that demand for cardboard boxes is given by the function,P= 40 - Q/500,000 ;where P represents the price of a bundle of 100 boxes, and Qis the total number of bundles of boxes sold each year. Using the information provided in the scenario, derive a total cost function fora typical cardboard box manufacturer. Use QA to denote the quantity produced by thetypical firm.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…
