Suppose labor supply is given by w=10+2L(s), where w denotes the wage. Labor demand is given by w= 100-L(d).

(a) Calculate the equilibrium labor quantity and the corresponding wage

(b) Now assume the city imposes an environmental tax of $10 per unit of labor on firms. As a result, companies will now lower their willingness to pay for labor by $10 per worker. The city uses the money to beautify the local park, which attracts many workers to the city. An economic consultant firm finds out the labor supply curve will shift because workers will be happy with a wage that is $16 lower than before the improvement. Calculate the new equilibrium wage and the new number of jobs. Compared to (a), will the number of jobs increase or decrease?

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Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."

In microeconomics, the point at which supply and demand meet is called the blank price