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PLEASE EXPLAIN Suppose MPN =70.5N and labor supply is given 10+(1t)w, where t is the tax rate and w is the real wage. Suppose t=50%.

image text in transcribedPLEASE EXPLAIN

Suppose MPN =70.5N and labor supply is given 10+(1t)w, where t is the tax rate and w is the real wage. Suppose t=50%. What is the before-tax equilibrium real wage? Answer: (1.6) Question 54 0/1 point Your firm has capital stock of $15 million and a depreciation rate of 10%. Gross investment is $2.5 million. How much is net investment? Answer: x (\$1 million) Suppose MPN =70.5N and labor supply is given 10+(1t)w, where t is the tax rate and w is the real wage. Suppose t=50%. What is the before-tax equilibrium real wage? Answer: (1.6) Question 54 0/1 point Your firm has capital stock of $15 million and a depreciation rate of 10%. Gross investment is $2.5 million. How much is net investment? Answer: x (\$1 million)

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