Use a labor supply and demand diagram to show that a labor tax places a wedge between the wage that firms pay and the wage that workers receive, and causes unemployment. On your graph show the deadweight loss caused by tax
b. Using labor supply and demand diagrams show that the size of deadweight loss changes with the elasticity of labor supply (draw two supply and demand diagrams: one for elastic supply and one for inelastic supply)
c. In what situation we should expect labor supply to be elastic? In what situation we expect it to be elastic? Explain.
In: Economics
Air flows through a constant area duct. The pressure and temperature of the air at the inlet to the duct are P1 = 100 kPa absolute, and T1 = 298 K, respectively. Inlet Mach number is M1 = 0.1. Heat is transferred to the air as it flows through the duct and as a result the Mach number at the exit increases.
Write a Matlab code and plot the following:
a) Find the pressure and temperature at the exit, while the exit Mach number changes between M=0.2 to 0.99 with
increments of ?M=0.01.
b) Find the amount of heat that is transferred to the air per unit mass of air.
In: Mechanical Engineering
| It is January 2nd and senior management of Chester meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday’s stock price ($32.24) and leverage changes to 2.7. Which of the following statements are true? Select all that apply. | ||||||||||
| Select: 3 | ||||||||||
|
In: Accounting
Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2021 fiscal year was $1,250,000. Depreciation expense of $140,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:
Increase in accounts receivable
...........$152,000
Decrease in inventory .............................108,000
Decrease prepaid expenses .....................62,000
Decrease in salaries payable ...................30,000
Increase in income taxes payable ...........44,000
Required:
Calculate cash flows from operating activities for 2021.
In: Accounting
Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2021 fiscal year was $624,000. Depreciation and amortization expense of $87,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:
Decrease in accounts receivable
...........$22,000
Increase in inventory ..................................9,200
Increase prepaid expenses ........................8,500
Increase in salaries payable ....................10,000
Decrease in income taxes payable ........14,000
Required:
Prepare the operating activities section of the 2021 statement of cash flows.
In: Accounting
An experiment with Le Chatelier's Principle resulted in this equation: Fe3+ + SCN- <=> Fe(SCN)2+
First off, should the first reactant be Fe2+ or Fe3+? Our TA said Fe2+, but I'm not sure why it's not Fe3+ since we were adding Fe3+ to observe changes in equilibrium. (The lab manual specifies that Fe(SCN)2+ in a product.)
Second, it was obvious that adding Fe3+ and SCN- shifted the equilibrium to the right toward products. However, addition of NaH2PO4 shifted the equilibrium left, back toward the reactants. What is it about NaH2PO4 that caused this to happen?
In: Chemistry
Consider a galvanic cell based upon the following half reactions: Ag+ + e- → Ag 0.80 V Cu2+ + 2 e- → Cu 0.34 V
How would the following changes alter the potential of the cell?
Adding Cu2+ ions to the copper half reaction (assuming no volume change).
Adding equal amounts of water to both half reactions.
Removing Cu2+ ions from solution by precipitating them out of the copper half reaction (assume no volume change).
Adding Ag+ ions to the silver half reaction (assume no volume change)
In: Chemistry
Given the following equations:
A (g) → B (g) ΔH = –50 kJ
B (g) → C (g) ΔH = –100 kJ
Calculate the enthalpy changes for the following.
Enter your answer in kJ but don't include units. For example, if the answer is 35 kJ, you would enter "35" without the quotes.
2 A (g) → 2 B (g) has an enthalpy change of:
, C (g) → B (g) has an enthalpy change of:
, A (g) → C (g) has an enthalpy change of:
, 2 B (g) → A (g) + C (g) has an enthalpy change of:
In: Chemistry
In a chemistry experiment , 2ml of 5% sodium hypochlorite, 2ml of 3M KBr and 2ml of 3M KI are individually put to a 150 ml test tube(separately). then 10 ml of cyclohexane is added to all three tes tubes and shaked. then after that the 6M hcl, 8M Hno3, 8M Hno3 are respectively added to the 1st, 2nd and third solutions. After that the test tubes are pit on a hot water bath to increase the reactions for the second and third solitions. Explain thoroughly about the use of the experiment ,all the color changes, the layer formed, everything?
In: Chemistry
Sales $ 471,000 $ 416,000 Cost of goods sold 330,000 268,000 Gross profit $ 141,000 $ 148,000 Operating expenses 130,000 116,000 Net income $ 11,000 $ 32,000 a. Prepare common size income statements for Price Company, a sole proprietorship, for the two years shown as above by converting the dollar amounts into percentages. For each year, sales will appear as 100 percent and other items will be expressed as a percentage of sales. (Income taxes are not involved as the business is not incorporated.) b. State whether the changes from year 1 to year 2 are favorable or unfavorable.
In: Accounting