Per usual, assume that the representative consumer, both in Europe and in the US, has a utility function given by u(c, l) . As for their budget constraints, assume that the real wage in both Europe and the US equals w and that there does not exist physical capital. Rather than assume the presence of lump-sum taxes, assume instead that there exists an income tax so that the relevant real wage is now the after-tax real wage, (1i )w where the subscript i allows for a different tax rate in Europe rather than the US. Show how this simple model can explain the difference in hours worked. What does it imply about the possibility of any differences in consumption between Europe and the US?

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?