--%>
Assignment Help - homework help

Competitive resource markets and low transaction costs

When resource markets are competitive and transaction costs are low, in that case landowners: (1) pass forward completely any land tax. (2) can drive up the rental rate of land by changing its supply. (3) bear the full burden of any tax on pure economic rent by land. (4) would change their behavior substantially if a 50 percent pure land tax were imposed. (5) can and will totally pass forward any property tax.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Illustration of transaction costs You

    You are more probable to shop at a remote farmers’ market quite than buy apples at a local grocery store while: (w) possible, since produce is cheaper at the farmers’ market. (x) you would like to buy only vegetables and fruits. (y) the opportunity costs o

    		•
  • Q : Labor Unions Strikes-Lockouts Can

    Can someone please help me in finding out the accurate answer from the following question. Whenever unions and managements have failed to arrive at a collective bargaining agreement and management closes the production facilities to exert pressure on the union negotia

    		•
  • Q : Tacit collusion by oligopolists Tacit

    Tacit collusion through oligopolists is possible when: (w) agreed to by the government. (x) a price leader is visible. (y) the oligopolists succeed in forming a cartel. (z) very few firms control the market. How ca

    		•
  • Q : Human Capital-Specific Training Can

    Can someone please help me in finding out the accurate answer from the following question. The costs of investing human capital are most probable to be borne by the employer if the human capital is as: (1) General. (2) Marginal. (3) Generic. (4) Precise. (5) Specific.

    		•
  • Q : Saving and the Supply by Interest Rate

    When the preference for current consumption over future consumption strengthens, in that case the: (w) interest rate rises. (x) interest rate falls. (y) present value of future income rises. (z) interest rate remains the same. How

    		•
  • Q : Declining cost structure by natural

    Natural barriers to entry within a market arise primarily by: (w) strategies by existing firms to discourage the entry of new firms. (x) perfectly inelastic demands for products. (y) the declining cost structure inherent in producing certain goods. (z

    		•
  • Q : Least consistency for law of demand The

    The demand curve for socket sets from the list below which is least consistent along with the law of demand is: (w) demand curve D1D1. (x) demand curve D2D2.  (y) demand curve D3D3

    		•
  • Q : Hicks Model of Collective Bargaining I

    I have a problem in economics on Hicks Model of Collective Bargaining. Please help me in the following question. The period of union strikes and the equilibrium wage rate at conclusion of a strike are the focus of: (i) Taft-Hartley Act of 1948. (ii) B

    		•
  • Q : Describing the problem of Moral Hazard

    When an NBA all-star bets in opposition to his team in games he plays after getting the money designated in his contract, he would be describing the problem of: (1) Default a version. (2) Over achievement. (3) Moral hazard. (4) Stupidity.

    Q : Average expected revenue by selling

    Each firm will shut down whenever the average expected revenue through selling output cannot equivalent or exceed expected as: (i) average total cost. (ii) marginal cost. (iii) average fixed cost.  (iv) average variable costs.