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Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20% tax rate and pays $4 per hour in child care expenses for each hour he works. Tom receives $80 in child support payments each week. There are 110 (non-sleeping) hours in the week. Graph Tom's weekly budget line.
Find the equilibrium price and quantity with QD' =80-10P and QS=10P. Find the equilibrium price and quantity with QD=60-10P and QS'=20+10P
Fill in the column of marginal products. What pattern do you see. How might you explain it. Compare the column for average total cost and the column for marginal cost. Explain the relationship.
African Americans, then examine through the use of historical evidence whether these factors can elucidate civil rights progress during the "Two Reconstructions".
The report must address what income, Social Security, and Medicare taxes are and why U.S. citizens must pay them.
Suppose you have three indivisible assets, A, B and C with internal rates of return 2%, 5% and 10% respectively and initial costs of $1, $4, $5. Suppose you have $8.0 at 1% and can borrow at 8%. What is the incremental cost of funds on asset B?
You plan to borrow $2,000 in order to take a vacation and want to repay the loan in a year. The banker offers you the following two alternatives of repaying the loan. (1) a simple interest rate of 12% with repayments in equal instalments six months a..
The agency decides to hire operators to monitor calls in order to attain the optimal number of personal calls.
If the Treasury has just paid for a supercomputer and as a result its deposits with the Fed fall, illustrate what defensive open market operations will the manager of the open market desk undertake.
Assuming Norma has no other capital gains or losses, how does this information affect her taxable income for 2010.
To explore the implications of this view, suppose that an economy consumes all wage income and saves all capital income. Show that if the factors of production earn their marginal product, this economy reaches the Golden Rule level of capital.
q. under what elasticity conditions would the following be trueincreasing the minimum wage will result in a decrease in
Where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. Suppose that Kalamazoo's marginal cost is $20 per cubic yard and its avoidable fixed cost is $100,000 per year. what is its profit-maximiz..
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