Q 1 last year president obama proposed a job creation

Assignment Help Business Economics

Reference no: EM13354186

Q. 1. Last year President Obama proposed a job creation program that included a payroll tax cut?
Using economic theory and with the help of a graph discuss what is the likely effect of this tax cut on wages, employment and tax revenues. What determines whether employers or employees will benefit the most from this tax cut?

2. The demand curve for gardeners is GD = 19 - W, where G = the number of gardeners and W = the hourly wage. The supply curve is GS = 4 + 2W.

a. Graph the demand curve and the supply curve. What is the equilibrium wage and equilibrium number of gardeners hired?

b. Suppose the town government imposes a $2 per hour tax in all gardeners. Indicate the effect of the tax on the market for gardeners. What is the effect on the equilibrium wage and the equilibrium number of gardeners hired? Explain Explain how much does the gardener receive?

Explain how much does the customer pay? Explain how much does the government receive as tax revenue?

Reference no: EM13354186

Questions Cloud

Q recall that is the economy continues to be strong abc : q. recall that is the economy continues to be strong abc company may need to increase its production by about 50

Q1 in which of the following cases should the united states : q1. in which of the following cases should the united states produce more noodles than it wants for its own use and

Q1 when output and employment slowed in early 2008 the bush : q1. when output and employment slowed in early 2008 the bush administration and the democratic congress passed a

Q1 compute the elasticity of demand for fords automobiles : q1. compute the elasticity of demand for fords automobiles or choose a specific make model and interpret what the

Q 1 last year president obama proposed a job creation : q. 1. last year president obama proposed a job creation program that included a payroll tax cut? using economic theory

Q1 foreign workers make up roughly 90 of united arab : q1. foreign workers make up roughly 90 of united arab emirates uae population. if you compare uaes gdp with its gnp

Q define the values for following parametersa1b2c10graph f : q. define the values for following parametersa1b2c10graph f and g as a function of d over the interval 010.when you try

Q abc company expects that it will receive a large order : q. abc company expects that it will receive a large order from the spain government. but the order occurs abc will be

Q1 suppose you have 7000 in savings when the price index is : q1. suppose you have 7000 in savings when the price index is at 100. if inflation pushes the price level up 10 what

User Account

All Pages