Solve the following attachments
Use the willingness-to-pay information about the buyers (Ariel, Bridget, and Connie) and the willingness-to-accept information about the sellers (Daniel, Etienne, and Franklin) below to construct a "stepped" demand and supply diagram like this one from my notes on Unit #7. (You'll also have one question to answer below.) Willingness-To-Pay information Ariel Bridget Connie willingness-to-pay $5 $7 $9 for the 1 widget willingness-to-pay $4 $6 $7 for the 2" widget willingness-to-pay $3 $4 $5 for the 3 widget willingness-to-pay $2 $3 $4 for the 4 widget willingness-to-pay $1 $2 $3 for the 5" widget Willingness-To-Accept information A Daniel Etienne Franklin willingness-to-1. Draw and properly label an AD-AS model to show Keynesian, intermediate, and neoclassical zones (4%). Then, briefly explain what are rates (whether low, high or medium) in each zone of unemployment, inflation, and real GDP. (6%) 2. Draw and properly label the AD-AS model to show recessionary and inflationary gaps (5%). Then, discuss Keynesians' solutions to closing recessionary and inflationary gaps. (10%) 3. Draw and properly label AD-AS models to show recessionary and inflationary gaps (5%). Then, discuss neoclassicals' solutions to closing recessionary and inflationary gaps. (10%)B. All businesses, regardless of their legal form of organization, are taxed under the Business Tax Provisions of the Internal Revenue Code. C. Small corporations that qualify under the Tax Code can elect not to pay corporate taxes, but then cach stockholder must report his or her pro rata shares of the firm's income as personal income and pay taxes on that income. D. Congress recently changed the tax laws to make dividend income received by individuals exempt from income taxes. Prior to the enactment of that law, corporate income was subject to double taxation, where the firm was first taxed on the corporation's income and stockholders were taxed again on this income when it was paid to them as dividends. E. All corporations other than non-profits are subject to corporate income taxes, which are 15% for the lowest amounts of income and 38%% for the highest income amounts. 1 )(3-2) Balance sheet 32. Bauer Software's current balance sheet shows total common equity of $5,125,000. The company has 530,000 shares of stock outstanding, and they sell at a price of $27.50 per share. By how much do the firm's market and book values per share differ? A. $17.83 B. 518.72 C. $19.66 D. $20.64 E. $21.67 ) (3-3) Income statement 33. Brown Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1.750 of depreciation. It had $9,000 of bonds outstanding that carry a 7,0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before A $4.627 B. 54 870 C. $5.114 D. $5369 E. 55.638 (3-8) MVA 34 Hayes Corporation has $300 million of common equity, with 6 million shares of common stock outstanding. If Hayes' Market Value Added (MVA) is $162 million, what is the company's stock price? A. $65.02 B. $69 49 C. $73.15 D. $77.00 E. $80.85 )(3-9) Corporate faces 35. Your corporation has the following cash flows: Operating income $250.000 Interest received $ 10,000 Interest paid $ 45,000 Dividends received $ 20,000 Dividends paid $ 50,000 If the applicable income tax rate is 40%% (federal and state combined), and if 70% of dividends received are exempt from taxes, what is the corporation's tax liability? A $83,980 B. $ 88,400 C. $ 92,820 D.$ 97,461 E. $102,334 ( )(3-9) Carry-back, carry-forward01:36 B + M 4G 13% coursehero.com/qa/wai 3 . . . Potato is produced according to the function: q = 10ka/1-a where q is the quantity produced, & represents land and / represents the number of workers. The farmer is a price taker with respect to all prices. Assume a = 0.5. (a) Write the general form for the farmer's cost minimization problem. (b) Derive the conditional input demand functions for ke and / given this particular production function. (c) Derive the Total Cost Function. (d) Suppose wage of workers=9 and rent for land=4 and the farmer wants to produce q = 100 units of output. Find the optimal land and labor demand. (e) Derive the Short-Run Total Cost Function. (f) Suppose the firm wants to increase the output level to 120. What is the labor and land demand in the short run? Show that short-run total cost is higher than long run total cost in that case. (a) First consider an economy where the government budget is required to be balanced in recession. The economy is given by: C = co + c(Y -T) T =to+tiY I = 1 G =T with 0
