WAGE (Dollars per hour)2018161412106420|I■|TSupplyDemand+0 50 100 150 200 250 300 350 400 450 500LABOR (Number of workers)Graph Input ToolMarket for Laboratory AidesWage(Dollars per hour)Labor Demanded(Number of workers)Demand ShifterTax Levied onEmployers(Dollars per hour)0350Labor Supplied(Number of workers)Supply ShifterTax Levied onWorkers(Dollars per hour)?1500 For each of the proposals, use the previous graph to determine the new number of laboratory aides hired. Then compute the after-tax amount paidby employers (that is, the wage paid to workers plus any taxes collected from the employers) and the after-tax amount earned by laboratory aides(that is, the wage received by workers minus any taxes collected from the workers).Levied onEmployers(Dollars per hour)4Tax Proposal2Levied onWorkers(Dollars perhour)042Quantity Hired(Number ofworkers)After-Tax Wage Paid byEmployers(Dollars per hour)O The proposal in which the entire tax is collected from workersO The proposal in which the tax is collected from each side evenlyO The proposal in which the tax is collected from employersO None of the proposals is better than the othersAfter-Tax Wage Received byWorkers(Dollars per hour)Suppose the government is concerned that laboratory aides already make too little money and, therefore, wants to minimize the share of the tax paidby employees. Of the three tax proposals, which is best for accomplishing this goal?

A firm’s willingness to pay for each unit of labor it wishes to hire is shown by the labor demand…

WAGE (Dollars per hour) 20 18 16 14 12 10 8 2 0 Supply Demand + 0 50 100 150 200 250 300 350 400 450 500 LABOR (Number of workers) Graph Input Tool Market for Laboratory Aides Wage (Dollars per hour) Labor Demanded (Number of workers) Demand Shifter Tax Levied on Employers (Dollars per hour) 0 350 0 Labor Supplied (Number of workers) Supply Shifter Tax Levied on Workers (Dollars per hour) 150 0

WAGE (Dollars per hour) 20 18 16 14 12 10 8 2 0 Supply Demand + 0 50 100 150 200 250 300 350 400 450 500 LABOR (Number of workers) Graph Input Tool Market for Laboratory Aides Wage (Dollars per hour) Labor Demanded (Number of workers) Demand Shifter Tax Levied on Employers (Dollars per hour) 0 350 0 Labor Supplied (Number of workers) Supply Shifter Tax Levied on Workers (Dollars per hour) 150 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Graph the original and new equilibrium. The pilot's union at all major air carriers has demanded and been granted a 20 percent pay increase. What will happen in the air travel market? How would this result differ if the demand for air travel was more elastic at the original equilibrium price?
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(c) Let us now turn to the labor market for grocery store workers in Little town. Recently one of the last two grocery stores in Little town closed leaving only one employer for grocery store workers in this area. This labor market is not very competitive. What type of market structure is this? (d) Draw a typical supply curve (i.e. average expenditure), marginal expenditure, and demand for the grocery store in Little Town. Label the equilibrium wage and number of grocery store workers. (e) Suppose that some time has passed and the population has grown in Little Town and there are now many grocery stores. Now suppose that the grocery store workers unionize. Draw a graph to depict the equilibrium wage and number of workers in this new market.
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Expert bro Hand written not allowed.
Economics 4. Assume men and women are perfect substitutes. Across employers there is a distribution of the discrimination coefficient against women of -0.2 to 0.5. In a graph with female employment on the x-axis and the gender wage ratio on the y-axis answer the following. a. What would be the "y-intercept" of the Demand curve? b. Assume female labor supply is perfectly inelastic. Show on this graph equilibrium where women and men are paid equally. c. A bizarre disease starts leading to more women being born then men. How will this eventually affect the gender wage gap if there are no simultaneous demand shocks?
Describe the collective bargaining process
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