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).

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Application: The Costs Of Taxation

Section: Chapter Questions

Problem 3CQQ

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Please do not use Excel.
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Please no written by hand solution