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?

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time

Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?