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If the labor supply curve is very elastic, a tax on labor:
a. has a large deadweight loss.
b. raises enough tax revenue to offset the loss in welfare.
c. has a relatively small impact on the number of hours that workers choose to work.
d. results in a large tax burden on the firms that hire labor.
Take into account the due dates. Prevent plagio. Late assignments have a penalty of two points. Submit assignments as attachment for easier correction.
At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?
Why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective?
Discuss several ways in which greater educational opportunities for young women could lead to faster economic growth in these nations.
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
problem-solving questionuse the following data for a firms output at various levels of employment l to calculatea its
The idea of mass electrification of urban areas started out modestly with small "proof-of-principle" demonstrations. Once the feasibility of an infrastructure-level invention is established, much work must be done to actually implement it on a large ..
show the new quantity demanded at that price as we did in class. Also, show that the new total revenue will be greater than then old total revenue.
Illustrate how do they compare to the others on any single set of constitutional issues. Assume the store is open 360 days a year.
A price-weighted index consists of stocks A, B, and C which are priced at $27, $11, and $18 a share, respectively. The current index divisor is 2.24. If stock B undergoes a 1-for-3 reverse stock split, the new index divisor will be:
q1. cuties farm produces and sells milk. the market is perfectly competitive. the market price of milk is 2.50 per
q1. what would you cite as examples of government improving market outcomesin recent economic history of the united
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