subject
Business, 06.10.2019 07:01 glass60

(page 104)suppose that the production function is y= 9k0.5n0.5.with this production function, the marginal product of labor is mpn= 4.5k0.5n-0.5. the capital stock is k= 25. the labor supply curve is ns=100[(1−t)ω] 2, where wis the real wage rate, tis the tax rate on labor income, and hence (1−t)w is the after-tax real wage rate. a.assume that the tax rate on labor income, t, equals zero. find the equation of the labor demand curve. calculate the equilibrium levels of the real wage and employment, the level of full-employment output, and the total after-tax wage income of workers. b.repeat part (a) under the assumption that the tax rate on labor income, t, equals 0.6.c. suppose that a minimum wage of w= 2 is imposed. if the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? does the introduction of the minimum wage increase the total income of workers, taken as a group?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:00
The penalties for a first-time dui charge include revocation of drivers license a. 180 days b. ben 180 des and one year c. bence 90 and 180 d. one year
Answers: 2
question
Business, 22.06.2019 16:00
If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
Answers: 3
question
Business, 22.06.2019 20:00
Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncertainty.
Answers: 3
question
Business, 22.06.2019 23:00
Which best describes what financial planning skills ultimately enable an individual to do? to prepare for the future to determine lifetime income to determine the cost of living to learn from the past
Answers: 1
You know the right answer?
(page 104)suppose that the production function is y= 9k0.5n0.5.with this production function, the ma...
Questions
question
History, 20.11.2021 14:00
question
English, 20.11.2021 14:00
question
Mathematics, 20.11.2021 14:00