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.
Barter system: It is the Exchange of goods for goods is termed as barter system.
Assume that Babble-On’s patents for speech-translation software covering 314 languages lapsed, as well as entry of new competitors within this market eroded the demand for Babble-On software, but the firm retains several market powers since competitors’ pr
The supply curve which would best reflect the supply of 1940 a Packard 180 limousine is as: (i) supply curve S1. (ii) supply curve S2. (iii) supply curve S3. (iv) supply curve S4. (v) supply curve S5.
When there is an excess in the balance of trade? Answer: When export > import (that is, when export is greater than import).
Describe the problem of How to Produce? Answer: This refers to the choice of techniques of production of services and goods and whether labor intensive or capital i
One complicated result of successful product differentiation: (1) the demand curve shrinks making this more elastic. (2) the demand curve becomes perfectly elastic. (3) prices do not vary considerably between close substitutes. (4) each marginal reven
The ban on assault weapons enacted in the year 1994 lapsed in the year 2004. Prices for assault weapons fell in year 2004 since the only way to get such guns throughout the ban was via the black market. This modify in the law in year 2004 is most probable to shift the
Babble-On holds world-extensive patents for software which translates any of 314 spoken languages within text, along with automatic audio and text translations within any of the other three-hundred-thirteen languages. This figure illustrates that Babble-On as: (1) is
1) Identify and explain the chief economic factors which determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.
The break-even point as illustrated below for that profit-maximizing pure competitor happens at the price consequent to: (w) point f. (x) point h. (y) point j. (z) point k. Discover Q & A Leading Solution Library Avail More Than 1418894 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1947849 Asked 3,689 Active Tutors 1418894 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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