Question 12 Scenario 4 Suppose the supply curve of workers is given by w 14 + 6Es, while the demand curve is given by w = 55-3Ep Calculate the equilibrium wage. Round your answer to the nearest hundredth (two decimal places). Question 13 Scenario 4 Suppose the supply curve of workers is given by w = 14 +6Es, while the demand curve is given by w -55-3Ep Calculate the equilibrium employment. Round your answer to the nearest hundredth (two decimal places). Question 14 Scenario 4 Suppose that the supply curve of workers is given by w = 14 +6Es, while the demand curve is given by w 55-3E Suppose now a tax of $5 is added into this labor market. How much do workers receive as wage after this payroll tax? Round your answer to the nearest hundredth (two decimal places).
Question 12 Scenario 4 Suppose the supply curve of workers is given by w 14 + 6Es, while the demand curve is given by w = 55-3Ep Calculate the equilibrium wage. Round your answer to the nearest hundredth (two decimal places). Question 13 Scenario 4 Suppose the supply curve of workers is given by w = 14 +6Es, while the demand curve is given by w -55-3Ep Calculate the equilibrium employment. Round your answer to the nearest hundredth (two decimal places). Question 14 Scenario 4 Suppose that the supply curve of workers is given by w = 14 +6Es, while the demand curve is given by w 55-3E Suppose now a tax of $5 is added into this labor market. How much do workers receive as wage after this payroll tax? Round your answer to the nearest hundredth (two decimal places).
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter17: Taxation And Resource Allocation
Section: Chapter Questions
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