Homework Answers
As the name indicates the payroll taxes imposed on the salary of the employees and employer. The workers pay certian percentage of this tax and the rest is paid by the employer. The tax money is used for the social programs such as the mediciad and social security.
Ans: Tax on the wages that the firm pays to the workers.
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A payroll tax is a A payroll tax is a fixed number of dollars that every...
QUESTION 52 Figure 6-22 Tanie 5 10 15 20 25 30 35 40 45 50 55...
QUESTION 52 Figure 6-22 Tanie 5 10 15 20 25 30 35 40 45 50 55 60 65 70 qani Refer to Figure 6-22. As the figure is drawn, who sends the tax payment to the government? O a. The buyers send the tax payment. O b. The question of who sends the tax payment cannot be determined from the graph. Oc. A portion of the tax payment is sent by the buyers, and the remaining portion is sent by...
Please be specific in your answers. Thanks a lot! Intermediate macroeconomic theory I (ECON303) Tutorial #3:...
Please be specific in your answers. Thanks a lot!
Intermediate macroeconomic theory I (ECON303) Tutorial #3: The firm's problem Paul owns a firm that produces output (Y) with capital (K) and labour (N) accord- ing Y = zk" N i n which z is total factor productivity. Say that z = 100, that K = 1. and that a = 0.5. Each worker supplies one unit of labour. Each unit of labour is paid the wage rate w. The price...
1. Each of two firms has one job opening. The firms offer different wages: firm 1...
1. Each of two firms has one job opening. The firms offer different wages: firm 1 offers the wage $10 per hour, and firm 2 offers the wage $12 per hour. There are two workers, each of whom can apply to only one firm. The workers simultaneously decide whether to apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets the job; if both workers apply to one firm, the...
consider a labor market experiment involving four buyers (firms) and four sellers (workers). Each firm seeks...
consider a labor market experiment involving four buyers (firms) and four sellers (workers). Each firm seeks to hire a single worker and each worker can work for a single firm. Each firm has a maximum revenue they can earn per worker hired. Each worker has a cost of working, which represents the value of his or her leisure time. Suppose the revenues from hiring a worker are $23, $15 and $21 and $17 for firms 1, 2, 3 and 4,...
A firm requires 96 units of good Q. The firm can only hire one worker to...
A firm requires 96 units of good Q. The firm can only hire one worker to produce these 96 units. The firm pays its worker a fixed wage. The worker’s production function is Q(e) = 24e The worker’s effort cost function is C(e) = 4e² The worker gets 0 if unemployed. Treat the good as continuous. Assume the firms pay the lowest fixed wage it can. What wage does it pay?
macroeconomics 3. Technology and minimum wages are the answers correct Tool tip: Use your mouse to...
macroeconomics
3. Technology and minimum wages
are
the answers correct
Tool tip: Use your mouse to drag the green line on the graph. The values in the boxes on the right side of the calculator will change accordingly. You can also directly change the values in the boxes with the white background by clicking in the box and typing. When you click the Calculate button, the graph and any related values will change accordingly. WAGE (Dollars per hourl 15 MARKET...
1. Labor market equilibrium is best characterized by: A. A wage at which all people have...
1. Labor market equilibrium is best characterized by: A. A wage at which all people have a job. B. A wage at which all workers are above the poverty level. C. A wage at which the number of people willing to work equals the number of workers firms are willing to hire. D. A minimum wage at which everyone is willing to work. E. All workers receiving their ideal wage. 2. Which of the following affects a person's decision to...
Suppose a firm the firm's initial costs when hiring a worker include hiring and training costs...
Suppose a firm the firm's initial costs when hiring a worker include hiring and training costs of $50. The wage rate for each period of employment is Wt=$100 (the same for all periods), and the value marginal product of a worker is also the same in every period, VMPt=VMP (a constant). Assume the interest rate is zero (the firm has no discounting factor over time). A. Write out this firm's profit maximizing employment rule for two periods. How productive must...
PLS ANSWER ALL ASAP!! THANK YOU!!!! 49. If immigrant workers are complementary to n dive workers,...
PLS ANSWER ALL ASAP!! THANK YOU!!!!
49. If immigrant workers are complementary to n dive workers, then A. native workers will be better off with open orders. B. immigrant workers will receive a higher we athan native workers. C. immigration will shift the demand for native abor to the left D. there will be no immigration surplus. E. each firm will hire only immigrants or only ne ives but not a mixture of the two. 50. A perfectly discriminating monopsonis...
please answer with method working. thank you. 4) Each of two firms has a job opening....
please answer with method working. thank you.
4) Each of two firms has a job opening. The firms offer different wages: firm i offers wage w; where 0.5 W 1 < W2 < 2.W 1. There are two workers that want to apply for a job. Each of whom can apply to only one firm. The workers simultaneously decide whether apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets...
QUESTION 52 Figure 6-22 Tanie 5 10 15 20 25 30 35 40 45 50 55 60 65 70 qani Refer to Figure 6-22. As the figure is drawn, who sends the tax payment to the government? O a. The buyers send the tax payment. O b. The question of who sends the tax payment cannot be determined from the graph. Oc. A portion of the tax payment is sent by the buyers, and the remaining portion is sent by...
Please be specific in your answers. Thanks a lot!
Intermediate macroeconomic theory I (ECON303) Tutorial #3: The firm's problem Paul owns a firm that produces output (Y) with capital (K) and labour (N) accord- ing Y = zk" N i n which z is total factor productivity. Say that z = 100, that K = 1. and that a = 0.5. Each worker supplies one unit of labour. Each unit of labour is paid the wage rate w. The price...
1. Each of two firms has one job opening. The firms offer different wages: firm 1 offers the wage $10 per hour, and firm 2 offers the wage $12 per hour. There are two workers, each of whom can apply to only one firm. The workers simultaneously decide whether to apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets the job; if both workers apply to one firm, the...
macroeconomics
3. Technology and minimum wages
are
the answers correct
Tool tip: Use your mouse to drag the green line on the graph. The values in the boxes on the right side of the calculator will change accordingly. You can also directly change the values in the boxes with the white background by clicking in the box and typing. When you click the Calculate button, the graph and any related values will change accordingly. WAGE (Dollars per hourl 15 MARKET...
PLS ANSWER ALL ASAP!! THANK YOU!!!!
49. If immigrant workers are complementary to n dive workers, then A. native workers will be better off with open orders. B. immigrant workers will receive a higher we athan native workers. C. immigration will shift the demand for native abor to the left D. there will be no immigration surplus. E. each firm will hire only immigrants or only ne ives but not a mixture of the two. 50. A perfectly discriminating monopsonis...
please answer with method working. thank you.
4) Each of two firms has a job opening. The firms offer different wages: firm i offers wage w; where 0.5 W 1 < W2 < 2.W 1. There are two workers that want to apply for a job. Each of whom can apply to only one firm. The workers simultaneously decide whether apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets...
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