How technology affect the marginal product for labour
Suppose firms' technology improves. How does this affect the marginal product for labour and the equilibrium real wage in the labour market (for a given upward sloping labour supply curve)?
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Corporation also received a $600,000 dividend from a 10 percent-owned corporation. How much is Corporation's taxable income for the current taxable year?
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Explain what you would do and why. Make clear your assumptions, for example, about life expectancy, inflation, interest rates, and risk and your rate of discount.
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