Suppose that under a new law all businesses must pay a tax equal to 6% of their sales revenue. Assume that this tax is not passed on to consumers. Instead, consumers pay the same prices after the tax is imposed as they did before.
1.) Use the line drawing tool to show the effect of this change on the labor market. Properly label your new line.
2.) Use the point drawing tool to identify the new equilibrium real wage and employment. Label this point 'E'.
Homework Answers
Add Answer to:
Suppose that under a new law all businesses must pay a tax equal
to 6% of...
Suppose that under a new law all businesses must pay a tax equal to 6% of...
Suppose that under a new law all businesses must pay a tax equal
to 6% of their sales revenue. Assume that this tax is not passed
on to consumers. Instead, consumers pay the same prices after the
tax is imposed as they did before.
1.) Use the line drawing tool to show the effect of this change
on the labor market. Properly label your new line.
2.) Use the point drawing tool to identify the new equilibrium
real wage and...
Suppose that under a new law all businesses must pay a tax equal to 6% of...
Suppose that under a new law all businesses must pay a tax equal to 6% of their sales revenue. Assume that this tax is not passed on to consumers. Instead, consumers pay the same prices after the tax is imposed as they did before. 1.) Use the line drawing tool to show the effect of this change on the labor market. Properly label your new line. NS 2.) Use the point drawing tool to identify the new equilibrium real wage...
Suppose that there is an increase in the capital stock. 1.) Using the line drawing tool,...
Suppose that there is an increase in the capital stock. 1.) Using the line drawing tool, show the effect of this change on the labor market. Properly label your new line. 2.) Using the point drawing tool, identify the new equilibrium real wage and employment. Label this point 'F' Carefully follow the instructions above, and only draw the required objects. NS 0 ND
Heneon 1doouno an excise tax of $2 per session on tanning salons. E represents the initial...
Heneon 1doouno an excise tax of $2 per session on tanning salons. E represents the initial equilibrium The government recently imposed before the excise tax. Determine the effect of the excise tax on the market for tanning sessions. 1.) Using the line drawing tool, draw either a new supply or demand curve that illustrates the imposition of the tax. Properly label your line. equilibrium point. Label the point 'E2 2.) Using the point drawing tool, plot the new Carefully follow...
The figure to the right depicts the bond market. Show what will happen to interest rates...
The figure to the right depicts the bond market. Show what will happen to interest rates if prices in the bond market become more volatile. 1. Using the line drawing tool, show the effect of this shock on the bond market. Properly label your line, 2. Using the point drawing tool, indicate the new equilibrium bond price and quantity. Label the point 2. Carefully follow the instructions above, and only draw the required objects. The effect of this shock will...
The United States is increasingly outsourcing jobs to India which means that work is done in...
The United States is increasingly outsourcing jobs to India
which means that work is done in India rather than in the United
States.
For example, the Indian firm Tata Consultancy Services, which
provides information-technology services, increased its work force
by 70,000 workers in 2010 and expected to add 60,000 more in
2011 ("Outsourcing Firm Hiring 60,000 Workers in India," San
Francisco
Chronicle,
June 16, 2011). As a result of increased outsourcing, wages of
some groups of Indian skilled workers have...
The graph on the right shows a labor market in equilibrium. Using the graph, demonstrate the...
The graph on the right shows a labor market in equilibrium. Using the graph, demonstrate the impact of a decrease in the wage rate to $6 per hour. Assume all other factors in the economy are constant. Labor supply curve 1.) Using either the line drawing tool or the arrow drawing tool, illustrate the impact on labor demand of a decrease in the wage rate to $6 per hour. (Use the line drawing tool to illustrate a shift in demand...
Until 2012, California, Texas, and Pennsylvania required firms to collect sales taxes for online sales if...
Until 2012, California, Texas, and Pennsylvania required firms
to collect sales taxes for online sales if the chain had a physical
presence (a "brick" store as opposed to a "click" store) in those
states.
Thus, those states collected taxes on Best Buy's online
sales, because it had stores in each of those states, but they did
not collect taxes from Amazon.com because it did not have physical
locations in those states.
Starting in 2012, Amazon had to pay taxes in...
New LRAS, SRAS, and AD lines in the graph for the next year: Price level The...
New LRAS, SRAS, and AD lines in the graph for the next
year:
Price level The following graph shows an economy in long-run macroeconomic equilibrium. All the usual assumptions of the dynamic demand and supply model hold Firms and workers expect there to be a decline in the inflation rate in the coming year LRAS, SRAS Use the line tool to draw three lines 1) the new LRAS, 2) the new SRAS, and 3) the new AD line in the...
HELP drop down menu choices: increase decrease remains unchanged The figure to the right depicts the...
HELP
drop down menu choices:
increase
decrease
remains unchanged
The figure to the right depicts the bond market. Show what will happen to interest rates if prices in the bond market become more volatile. 1. Using the line drawing tool, show the effect of this shock on the bond market. Properly label your line. 2. Using the point drawing tool, indicate the new equilibrium bond price and quantity. Label the point '2'. Carefully follow the instructions above, and only draw...
Suppose that under a new law all businesses must pay a tax equal
to 6% of their sales revenue. Assume that this tax is not passed
on to consumers. Instead, consumers pay the same prices after the
tax is imposed as they did before.
1.) Use the line drawing tool to show the effect of this change
on the labor market. Properly label your new line.
2.) Use the point drawing tool to identify the new equilibrium
real wage and...
Suppose that under a new law all businesses must pay a tax equal to 6% of their sales revenue. Assume that this tax is not passed on to consumers. Instead, consumers pay the same prices after the tax is imposed as they did before. 1.) Use the line drawing tool to show the effect of this change on the labor market. Properly label your new line. NS 2.) Use the point drawing tool to identify the new equilibrium real wage...
Suppose that there is an increase in the capital stock. 1.) Using the line drawing tool, show the effect of this change on the labor market. Properly label your new line. 2.) Using the point drawing tool, identify the new equilibrium real wage and employment. Label this point 'F' Carefully follow the instructions above, and only draw the required objects. NS 0 ND
Heneon 1doouno an excise tax of $2 per session on tanning salons. E represents the initial equilibrium The government recently imposed before the excise tax. Determine the effect of the excise tax on the market for tanning sessions. 1.) Using the line drawing tool, draw either a new supply or demand curve that illustrates the imposition of the tax. Properly label your line. equilibrium point. Label the point 'E2 2.) Using the point drawing tool, plot the new Carefully follow...
The figure to the right depicts the bond market. Show what will happen to interest rates if prices in the bond market become more volatile. 1. Using the line drawing tool, show the effect of this shock on the bond market. Properly label your line, 2. Using the point drawing tool, indicate the new equilibrium bond price and quantity. Label the point 2. Carefully follow the instructions above, and only draw the required objects. The effect of this shock will...
The United States is increasingly outsourcing jobs to India
which means that work is done in India rather than in the United
States.
For example, the Indian firm Tata Consultancy Services, which
provides information-technology services, increased its work force
by 70,000 workers in 2010 and expected to add 60,000 more in
2011 ("Outsourcing Firm Hiring 60,000 Workers in India," San
Francisco
Chronicle,
June 16, 2011). As a result of increased outsourcing, wages of
some groups of Indian skilled workers have...
The graph on the right shows a labor market in equilibrium. Using the graph, demonstrate the impact of a decrease in the wage rate to $6 per hour. Assume all other factors in the economy are constant. Labor supply curve 1.) Using either the line drawing tool or the arrow drawing tool, illustrate the impact on labor demand of a decrease in the wage rate to $6 per hour. (Use the line drawing tool to illustrate a shift in demand...
Until 2012, California, Texas, and Pennsylvania required firms
to collect sales taxes for online sales if the chain had a physical
presence (a "brick" store as opposed to a "click" store) in those
states.
Thus, those states collected taxes on Best Buy's online
sales, because it had stores in each of those states, but they did
not collect taxes from Amazon.com because it did not have physical
locations in those states.
Starting in 2012, Amazon had to pay taxes in...
New LRAS, SRAS, and AD lines in the graph for the next
year:
Price level The following graph shows an economy in long-run macroeconomic equilibrium. All the usual assumptions of the dynamic demand and supply model hold Firms and workers expect there to be a decline in the inflation rate in the coming year LRAS, SRAS Use the line tool to draw three lines 1) the new LRAS, 2) the new SRAS, and 3) the new AD line in the...
HELP
drop down menu choices:
increase
decrease
remains unchanged
The figure to the right depicts the bond market. Show what will happen to interest rates if prices in the bond market become more volatile. 1. Using the line drawing tool, show the effect of this shock on the bond market. Properly label your line. 2. Using the point drawing tool, indicate the new equilibrium bond price and quantity. Label the point '2'. Carefully follow the instructions above, and only draw...
Most questions answered within 3 hours.
-
Solid potassium phosphate is slowly added to 150 mL of a 0.0518
M calcium nitrate solution....
asked 3 minutes ago -
(CO 2) A field can be added to a report to
values for two or more...
asked 1 hour ago -
Identify 3 research scenarios that might provide a low,
medium, and high degree of variability in...
asked 2 hours ago -
how
does gravity affect the trajectory of projectile? what would be the
shape of the trajactory...
asked 3 hours ago -
Two small plastic spheres are given positive electrical charges.
When they are a distance of 15.4...
asked 3 hours ago -
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 3 hours ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 4 hours ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 4 hours ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 5 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 5 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 5 hours ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 6 hours ago