what are the desirable characteristics of a tax system

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## assume that isoland has a closed economy. Isoland national investment is $50,000,000, its private saving is $60,000,000 and its taxes minus transfer…

assume that isoland has a closed economy. Isoland national investment is $50,000,000, its private saving is $60,000,000 and its taxes minus transfer payment equal $65,000,000. How much are islonad’s government purchases.

## powerpoints

Do 4 slides powerpoints about the article bellow (from the website):

https://hbr.org/2014/11/a-refresher-on-net-present-value

Slide 1: the definition of the net present value

Slide 2: the applications and uses of the net present value

slide 3: the common mistake that people make of the net present value

slide 4: how the net present value is calculated using the formulas

Please do it in the form of points.

## Suppose that there are 10 million workers in Canada and South Korea and each worker in Canada and South Korea can produce 4 cars per year.

(a) Graph the production possibilities frontier of the Canadian and South Korean economies. (6 Mark)

(b) For Canada, what is the opportunity cost of a car? What is the opportunity cost for grain? For South Korea, what is the opportunity cost of a car? For grain? (8 Marks)

(c) Which country has an absolute advantage in producing cars? In producing grain.(2 Mark)

(d) Which country has a comparative advantage in producing cars? In producing grain. (2 Mark)

## When firms decide to pay efficiency wages, the number of workers who want a job at this higher wage will (increase/ decrease) while the number of…

When firms decide to pay efficiency wages, the number of workers who want a job at this higher wage will (increase/ decrease)while the number of jobs offered by firms will (increase/ decrease). This will result in increased (employment/ unemployment).

## Complete Table-1 (Joseph Farms, Inc., Cost and Revenue Data), either as a Microsoft Excel spreadsheet, or as a Microsoft Word…

Complete Table-1 (Joseph Farms, Inc., Cost and Revenue Data), either as a Microsoft Excel spreadsheet, or as a Microsoft Word table. Assume that the price is $165 and the fixed costs are $125, at an output level of 1. Also assume that the data represents a firm in pure competition. Show your calculations in summary form. What is the MC=MR Rule? To what market structures does this Rule apply? Explain your answers. Using Microsoft Excel, graph the data in Columns 9 and 10. What is the profit maximizing (or loss minimizing) output for this firm? Is there an economic profit? Explain your answers. Explain why a firm in pure competition is considered to be a “price taker.” Using the data in Table-1 (Joseph Farms, Inc., Cost and Revenue Data), complete Table-2 (Joseph Farms, Inc., Revenue/Profit/Loss Data), either as a Microsoft Excel spreadsheet, or as a Microsoft Word table. Show your calculations in summary form. Using the data in Table-2 (Joseph Farms, Inc., Revenue/Profit/Loss Data), what is the break even output level for this firm? If this firm is in pure competition, at what output level would they operate? Show your calculations in summary form

Table-1: Joseph Farms, Inc., Cost and Revenue Data

Column 1

Column 2

Column 3

Column 4

Column 5

Column 6

Column 7

Column 8

Column 9

Column 10

Column 11

Output

Price per unit

Total Fixed Cost

Total Variable Cost

Total Cost

Average Fixed Cost

Average Variable Cost

Average Total Cost

Marginal

Marginal Revenue

Total Revenue

Level

Cost

0

$ –

NA

1

$ 113.00

2

$ 213.00

3

$ 300.00

4

$ 375.00

5

$ 463.00

6

$ 563.00

7

$ 675.00

8

$ 813.00

Complete Table-1 (Joseph Farms, Inc., Cost and Revenue Data), either as a Microsoft Excel spreadsheet, or as a Microsoft Word table. Assume that the price is $165 and the fixed costs are $125, at an output level of 1. Also assume that the data represents a firm in pure competition. Show your calculations in summary form. What is the MC=MR Rule? To what market structures does this Rule apply? Explain your answers. Using Microsoft Excel, graph the data in Columns 9 and 10. What is the profit maximizing (or loss minimizing) output for this firm? Is there an economic profit? Explain your answers. Explain why a firm in pure competition is considered to be a “price taker.” Using the data in Table-1 (Joseph Farms, Inc., Cost and Revenue Data), complete Table-2 (Joseph Farms, Inc., Revenue/Profit/Loss Data), either as a Microsoft Excel spreadsheet, or as a Microsoft Word table. Show your calculations in summary form. Using the data in Table-2 (Joseph Farms, Inc., Revenue/Profit/Loss Data), what is the break even output level for this firm? If this firm is in pure competition, at what output level would they operate? Show your calculations in summary form

Table-1: Joseph Farms, Inc., Cost and Revenue Data

Column 1

Column 2

Column 3

Column 4

Column 5

Column 6

Column 7

Column 8

Column 9

Column 10

Column 11

Output

Price per unit

Total Fixed Cost

Total Variable Cost

Total Cost

Average Fixed Cost

Average Variable Cost

Average Total Cost

Marginal

Marginal Revenue

Total Revenue

Level

Cost

0

$ –

NA

1

$ 113.00

2

$ 213.00

3

$ 300.00

4

$ 375.00

5

$ 463.00

6

$ 563.00

7

$ 675.00

8

$ 813.00

9

$ 975.00

5+4

9

$ 975.00

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## Currently, the Social Security payroll tax is legally imposed equally on workers and employers:65 percent for employees and 7.65 percent for…

Currently, the Social Security payroll tax is legally imposed equally on workers and employers: 7.65 percent for employees and 7.65 percent for employers. Show this graphically, being careful to distinguish between the total cost to the employer of hiring a worker, the employee’s gross wage, and the employee’s net wage. Show how the outcome would differ if all 15.3 percent were imposed on the employee or if all 15.3 percent were imposed on the employer.”

## Seth could consume $120 next year if he saved all his current earnings. He expects to earn nothing next year. The intertemporal budget constraint for…

Seth could consume $120 next year if he saved all his current earnings. He expects to earn nothing next year. The intertemporal budget constraint for Seth is given by the equation C2 = 120 – 1.2C1 where C1 = possible consumption in year 1 and C2 = possible consumption in year 2. Assume that C1 is on the horizontal axis and C2 is on the vertical axis. a. What is the present value of the total consumption available?b. What is the market interest rate?c. Seth will definitely consume zero in year 1 if his MRSC1 for C2 is less than __________at all points on his indifference curve.d. Seth will definitely save nothing for next year if his MRSC1 for C2 is greater than ______at all points on his indifference curve.e. Assuming Seth starts from a position where he earns all his income in the beginning of year 1, sketch Seth’s intertemporal budget constraint and show one of his indifference curves for a case where he will save $20 for year two.

a. What is the present value of the total consumption available?If C2 is set to zero, then C1 must be 100. This is the same as the horizontal intercept.b. What is the market interest rate?The…

## After reading the closing case in chapter thirteen, Carrefour, respond to the following question.

After reading the closing case in chapter thirteen, Carrefour, respond to the following question. Carrefour has placed neighboring countries (Belgium, Italy, and Spain) in a higher priority than much larger countries such as Brazil and China. What are the pros and cons of doing so?