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Suppose the provincial government is considering taxing bagels (by the baker's dozen) produced in artisanal bakeries. If Es represents the price elasticity of supply of

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Suppose the provincial government is considering taxing bagels (by the baker's dozen) produced in artisanal bakeries. If Es represents the price elasticity of supply of bagels and Ed is the price elasticity of demand of bagels, the proportion of the tax paid by producers after the imposition of the tax would be given by which of the following: OA Ed/Es. OB.Ed/(Es-Ed). OC. Es/(Es-Ed) OD. Ed/(Ed-Es) A year before they were shipped into space, the labour supply curve for telephone sanitizers on Golgafrincham was Ls = 30 + 2W and the demand curve was Ld = 120 - 4W, where L is the number of workers in million and W is the hourly wage. Assuming the wage is 16 buckazoids per hour, O A. there are 62 million workers in the labour force. OB. 7 million workers are unemployed. O C. 62 million workers have a job. OD. there is a shortage of 6 million workers. A competitive firm is using only labour and capital as inputs, and it maximizes its profits in the long run. You know that the firm pays an hourly wage of $20 and its hourly cost of a unit of capital is $30. If this firm's marginal product of labour is 40 units per hour, then its marginal product of capital per hour must be in the long run. O A 50 OB 26.67 OC. 60 OD. 15

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