Economics Answers

If AS curve shifts to the left as productivity decreases, it will result in a combination of...
1.Lower output, higher unemployment, and higher inflation.
2.Lower output, lower unemployment and lower inflation.
3.Higher output, lower unemployment and lower inflation
4.Higher output, higher unemployment and higher inflation

a. Complete Part 2 of Form 940 based on the following information: (Round your answers to two decimal places, if necessary.)
Total payroll for the year $913,590
Payroll to employees in excess of $7,000 $421,930 Employer contributions into employees' 401(k) plans$23,710
b. If the employer is located in California, which has a credit reduction of 2.1%, what would be the amount of the credit reduction?

Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

In the first quarter of the year, Henry Gibson earned $3,000 in wages and reported $2,400 in tips to his employer. How much would the employer's FUTA tax be for the first quarter on Gibson?

In Part 5 of Form 940, Peterson Company reported FUTA tax liabilities as follows:

First quarter:$397.50Second quarter:$209.10Third quarter:$274.50Fourth quarter:$262.20

List the amounts and the dates of each required FUTA tax deposit

.Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

Niemann Company has a SUTA tax rate of 7.1%. The taxable payroll for the year for FUTA and SUTA is $82,600. The amount of FUTA tax for the year is.....

Your accountant tells you made $15,000 accounting profits. However, before becoming a self-employed electrician last year you earned $76,000ayearandnowyouonlypayyourself$60,000. Alsoyoutookoveranofficeinthebasementthatyoucouldhaverentedoutfor$1250 per month. You also spent $150,000 of your own money to start up your business on which you could have earned 8% annually. Your economist friend would therefore conclude that you earned a

A) $48k economic profit; B) $4k economic profit; C) $28k economic loss; D) $178k economic loss; E) $233k economic loss

A firm has normal profits of 12% on capital invested but this year makes an economic profit of 3%. What are the accounting profits?
A) (12/3)%; B) 12% - 3%; C) 12% + 3%; D) 3% - 12%; E) ((12+3)/2)%; F) (3/12)%

A new machine is expected to cost $6000 and have a life of 5 years . maintenance cost will be $1500 the first year , $ 1700 the second year , $ 1900 the third year , $2200 the forth year , and $2300 the fifth year . how much should be deposited in a fund that earns 9% per year , compounded monthly , in order to pay for this machine ?

Assume the market for the wheat display’s the following characteristics, namely many buyers and sellers, produce identical products and have no barriers to entry or exit.

(a) Assume the wheat industry starts out in the long-run competitive equilibrium. Using appropriate diagrams shows how this would look at both the industry and firm level. (Hint: Each firm is making a normal profit).

(b) Now assume there has been a permanent decrease in demand for wheat. Using appropriate diagrams explain what will happen to price and quantity for wheat at both the industry and firm level.
(Hint: You need to discuss what type of profits, if any, each firm is making).

(c) With the use of appropriate diagrams, discuss the adjustment process, at both industry and firm level, to bring the market for wheat back to long-run equilibrium.

Using a diagram explain how economies of scale could help proton to compete with honda in terms of pricing