Define Indirect taxes
Indirect taxes: Whenever the liability to pay tax is on one person and the burden of that tax falls on another person, it is termed as indirect tax. Illustrations are: sales tax, excise duty, VAT, tax on services and so on.
All transaction costs would be zero when: (1) Congress required current prices to be cut by eighteen percent. (2) market information and transportation were both costless. (3) market prices were legally restricted to production costs. (4) inflation we
Marginal physical product: It refers to the addition build to the total product.
When the interest rate is 5%, in that case the present value of a perpetuity which pays $500 each year beginning a year by today equals: (1) $500. (2) $1000. (3) $2500. (4) $5000. (5) 10,000. Can s
Of the given firms, the probably to be a price taker would be: (1) Microsoft. (2) Wal-Mart. (3) Toyota. (4) the Los Angeles Lakers. (5) the biggest wheat farm in Canada. I need a good answer on the topic of
Can someone help me in finding out the most precise answer from the given options. The error of commission would be: (1) Student forgets to study for the test. (2) The decision not to make a product which another company later generates successfully. (3) The company s
If all variable costs can be covered, in that case every firm maximizes profit by adjusting output till: (w) total revenue is maximized. (x) marginal revenue = average cost. (y) average cost = marginal cost. (z) marginal revenue = marginal cost.
Speculators are most probable to go bankrupt when their activities: (w) increase price fluctuations. (x) decrease transaction costs to other buyers or sellers. (y) dampen the volatility of prices. (z) improve economic efficiency. Q : Monetary revenue generated by firm Can Can someone help me in finding out the most precise answer from the given options. The Monetary revenue produced by the firm throughout a specific period minus its explicit costs gives up: (1) Value added. (2) Gross cash flow. (3) Tax liability. (4) Economic income. (
Can someone help me in finding out the most precise answer from the given options. The Monetary revenue produced by the firm throughout a specific period minus its explicit costs gives up: (1) Value added. (2) Gross cash flow. (3) Tax liability. (4) Economic income. (
The strikes tend to be resolved after worker’s savings trickle down to a discomfort region and there is an exhaustion of: (i) Public tolerance, causing government to set the fair settlement. (ii) Managers and inventories, causing the firms to increase their offe
If comparing market structures, when economies of scale are unimportant: (w) the most efficient form of market structure is a pure monopoly. (x) purely competitive industries and price discriminating monopolies are equally efficient. (y) price discrim
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