Suppose the production function is = (200K − 4K)( − 0.0025) Where the productivity A=1, and capital stock K=10 And the marginal product of labor is P = 1600 − 8 The aggregate quantity of labor supplied is = 100 + + T, where w is the real wage rate and T is the lump-sum taxes that household paid to the government

Question 3: Which of the following statement correctly explains the effect of increasing tax payments on labor supply

A. Decreases household wealth and increases labor supply due to the income effect

B. Decreases household wealth and increases labor supply due to the substitution effect

C. Increases household wealth and decreases labor supply due to the income effect

D. Increases household wealth and decreases labor supply due to the substitution effect

E. None of the above

Resources and capabilities, such as interpersonal relations among managers and a firm's culture, that may be costly to imitate because they are beyond the ability of firms to systematically manage and influence are referred to asanswers: socially complex.causally ambiguous.path dependent.the result of unique historical conditions.

Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest.the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed.what control allowed the fraud to occur?

Identify the three components of a family's culture and provide one example from your own experience