Define regressive in taxes as percentage of income
Line T2 depicts as in below graph a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive. How can I solve my economics problem? Please suggest me the correct answer.
Line T2 depicts as in below graph a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive.
How can I solve my economics problem? Please suggest me the correct answer.
In an economy the MPC is 0.75. Investment expenses in the economy raise by Rs.75 crore. Compute total increase in national income.
Question #2 Consumer Demand. How to answer questions from a-g iii. I belive the MRS is 2y/x for B. But not sure
Question: (1) Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will
A marginal tax rate of 50 percent and an income floor of $6,500 yield a break even income of: (w) $3,250. (x) $6,500. (y) $9,750. (z) $13,000. I need a good answer on the topic of Economics
Income distribution tends to turn into more equal, statistically, while a country: (i) adopts central planning. (ii) becomes more developed and prosperous. (iii) relies more heavily on agriculture. (iv) reduces corporate tax rates. (v) adopts laissez-
The entire profit maximizing firm will appoint more labor up to the point where: (i) Average physical product of the labor equivalents the nominal wage. (ii) Last unit of the labor adds up equally to net revenue and net cost. (iii) Marginal product of the labor is at
This would be most complicated for resource owners to forward-shift a tax onto: (w) capital. (x) accounting profit. (y) land. (z) labor. Can someone explain/help me with best solution about problem of Econo
The Profit-maximizing firms which operate in the competitive resource and output markets adjust the labor inputs till the wage rate equivalents the: (i) Average revenue from the output. (ii) Output price equivalents the average variable cost. (iii) Marginal utility of
People who seek monopoly profits by buying the assets of successful monopolists will probably: (w) receive only normal returns onto the investment. (x) realize capitalized profits (y) attain monopoly economic profits. (z) thwart competition by innovating procedures of
Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. Often, lots of Texans are romantics at heart. Total cost curve of Hybrid is below the demand curve this faces. At its output and equilibrium price, Hybrid will produce
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