Multiple Choice
Suppose that all workers place a value on their leisure of 75 goods per day.The production function relating output per day Y to the number of people working per day N is Y = 500N - 0.4N² and the marginal product of labour is MPN = 500 - 0.8 N.A 25% tax is levied on wages.Output per day would be
A) 100,000.
B) 150,000.
C) 200,000.
D) 250,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: Who bears the burden of the government
Q38: According to the Ricardian equivalence proposition,current deficits<br>A)will
Q73: An increased government deficit created by a
Q74: Since the 1950s,the share of GDP devoted
Q75: Roads and education are examples of<br>A)government physical
Q76: The political process by which fiscal policy
Q79: Assume that the lost output due to
Q80: The primary surplus is equal to<br>A)tax revenues
Q81: Why should government smooth tax rates? If
Q83: The DEBTLAND's economic growth is 5 percent