An increase in taxes on labor income shifts the labor supply curve and the . A. leftward; afterminustax wage rate does not change B. leftward; beforeminustax wage rate does not change C. rightward; beforeminustax wage rate rises D. leftward; afterminustax wage rate rises E. leftward; afterminustax wage rate falls

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $