The folloving graph shovs the daily market for wine vwhen a tax on sellers is set at $0 per bottle. Suppose the government institutes a tax of $5.80 per bottle, to be paid by the seller. (Hint: To see the impact of the tax, enter the value of the tax in the Tax on Sellers field and move the green line to the after-tax equilibrium by adjusting the value in the Quantity field. Then enter zero in the Tax on Sellers field. You should see a tax vedge betveen the price buyers pay and the price sellers receive.) Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Wine 50 I Quantity (Bottles of wine) 50 45 Demand Price (Dollars per bottle) Supply Price (Dollars per bottle) 40 75.00 17.00 Supply 35 Supply Shifter 30 25 Tax on Sellers (Dollars per bottle) 0.00 20 15 Demand 10 O s0 100 150 200 250 300 350 400 450 s00 QUANTITY (Bottles of wine) Fill in the following table with the quantity sold, the price buyers pay, and the price sellers receive before and after the tax. Quantity Price Buyers Pay Price Sellers Receive (Bottles of wine) (Dollars per bottle) (Dollars per bottle) Before Tax After Tax Using the data from the previous table, the tax burden that falls on buyers is s and the tax burden of sellers is s PRICE (Doll ars per bottle)

The next 3 questions refer to the following: A housecleaning company receives 36 for each house cleaned. The tab below gives the relation between the number of workers and the number houses that can be cleaned per week. [[[[ Number of], [Workers]], [[Houses], [Cleaned]]], [0, 0], [1, 9], [2, 17], [3, 24], [4, 30], [5, 35], [6,36]] The marginal revenue from the fourth worker is If the company want to maximize profit and hires three workers, the wa rate of a house - cleaner can be no more than If the wage rate of a house - cleaner is 140, the maximum amount of pr the company can earn is

Question 18

When running a ols regression, if my control variables are insignificant via T-test should I keep them in the regression? Are they significant?

Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56   What do these MPC’s imply about the students’ thinking over the course of the year?   (Enter response here.)   What is likely happening in the economy during the same period of time?

How should be the following given be treated while estimating national income (1) bonus paid to employees

T or F  A household is frequently used in analyses because more consistent data are usually collected at that level.

This question is intended to have a written response given. The writtenresponse should be 2-3 paragraphs maximum and focused on answer the specific questions of interest using the tools/concepts from lecture/tutorials. You may include agraph to support your argument/ideas, but this is not required (note: I would recommend you sketch a graph when thinking about how to answer this question, thoughthat does not need to be submitted). Leung and Seo wrote an article “How do government transfer payments affect retail prices and welfare? Evidence from SNAP” (Jan,2023) in the Journal of Public Economics. To answer this question, you do not need togo read the paper. I would in fact recommend against it as the paper is very technicaland assumes a knowledge of statistics that most students taking Econ 201 will nothave (some of the ideas will be discussed in Econ 233 and Econ 333). We will use theinformation/main ideas as a starting framework.In the United States, one of the largest welfare…

What is this equation used for? What do the variables mean? Can you give an example how a research study can be applied to this formula? Does it account for control variables ?

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