Define tax
Tax: It is a compulsory payment prepared by household and firm to government.
I have a problem in economics on Problem regarding Minimum Wage Laws. Please help me in the following question. The consequence of minimum wage legislation on the teenagers has most likely been: (i) Greater unemployment. (ii) Greater employment. (iii) Full employment.
Interest Rate Price Risk: The risk which occurs for bond owners from fluctuating interest rates is termed as interest rate risk. How much interest rate risk a bond has based on how sensitive its price is to interest rate modifications.
what do you mean by a social welfare function? if you assume that such a function exists, what properties of social optima would be considered by you? discuss such properties.
What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.
When a monopolist reaches equilibrium: (1) its profits are at a maximum. (2) price equals marginal cost. (3) average cost is at its minimum. (4) marginal cost is at a minimum. Can someone explain/help me with best solution about pr
Hey friends I need your suggestion for this query about the profit and losses as illustrated graph when this firm produces q2 output, in that case its: (w) MR > MC. (x) MR < MC. (y) MR = MC. (z) P > MC.Please give me right answer for the same.
Location or site rents are as: (w) unrelated to the geographic location of a firm in a market. (x) determined from the fertility of land. (y) generated while a firm’s location allows this to charge more for its output or to pay less for its inpu
When Serena Williams, Cindy Crawford, Hillary Clinton, Katy Couric, Jennifer Lopez, and Ashanti all start wearing Wal-Mart jeans at public appearances, economists would explain any resultant raise in Wal-Mart’s jean sales to the change in: (1) Expectations regar
Difference between increase in demand and increase in quantity: Whenever demand rises at specific price then it is termed as rise in demand?. On another hand, whenever demand increases by decrease in price of a com
I have a problem in economics on Monopsonistic exploitation. Please help me in the following question. The Monopsonistic exploitation of labor signifies that the: (i) Influenced workers receive much low wages. (ii) Firm reaps big economic gains by exploiting the worke
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