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- How do you find the Marginal rate of Technical Sbustitution for the CES: (a1x1^p +a2x2^p)^(1/p)?The main office of a large bank has an annualturnover of 500 office workers. As an employmentofficer of this bank, discuss the sources you woulduse in obtaining replacement employees.i will 10 upvotes urgent A worker within the middle-income class is preparing to retire. In the year before he retired, his gross monthly earnings are $2,500. His Social Security benefits will be $1,500 per month. Before he retired, his income was subject to a tax of 30 percent. Find his before-tax and after-tax replacement rates.
- Danube Company pays Salim a straight commission of 25% on the net sales. In June, Salim had net sales of OMR 56,000. The company gave Salim an OMR 678 draw in May. Calculate Salim’s gross pay. a. 13322 b. 13567 c. 12422 d. 12322Answer Question 6B onlyeconomic Announcing in his Budget 2023 speech on Tuesday, Deputy Prime Minister and Finance Minister Lawrence Wong said cars with an OMV (the approximate cost of a car before taxes) higher than $80,000 will incur an additional registration fee (ARF, or the main car tax) of 320 per cent. The changes will take effect from the next round of certificate of entitlement (COE) bidding, which closes on Feb 22. Mr Wong said these changes are expected to affect the top one-third Do more research and apply what we have learned in “Demand & Supply”, “Elasticity” and “Taxation” to answer the following questions. 1. How does the ARF hike impact the luxury car market? Discuss the impact on the price and quantity of luxury cars (Use Demand and Supply graph to interpret your answer). 2. Mr Wong said the ARF hike was expected to affect the top one-third of cars and would generate about $200 million in additional revenue a year. Do you agree with his opinion? Apply the concept of elasticity to…
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