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David's current salary is $20,000. He has two job offers from company X and company Y. The accounting and economic profit for David for taking
David's current salary is $20,000. He has two job offers from company X and company Y. The accounting and economic profit for David for taking each of these jobs compared to his current job are given below. What should David do? Job Economic Profit Accounting Profit X -$2000 $25,000 Y $1000 $22,000 O Switch to Job Y O Switch to Job X O Stay in his current job Switch to either Job X or Job Y as both are equally goodMarket for Lattes $4.50 $4.00 $3.50 $3.00 $2.50 Price (per latte) $2.00 $1.50 $1.00 $0.50 $0.00 0 200 400 600 800 1000 1200 1400 1600 1800 Quantity of Lattes (cups) The market for lattes is in a competitive equilibrium, as shown above. The government decides to impose a $1.50 excise tax on latte producers. After the tax is imposed what is the new producer surplus
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