Define tax
Tax: It is a compulsory payment prepared by household and firm to government.
Production function: It is the technological relationship among input and output of a firm and is termed as production function.
Monopolistic competitors within long-run equilibrium do NOT operate where: is (1) MR = MC. (2) P = ATC. (3) P > MC. (4) MSB > MSC. (5) economic profits are realized. How can I solve my Economics
When technological advances boost market supply and total revenue both within an industry, in that case: (w) demand is relatively price elastic. (x) the industry is dominated by a monopoly. (y) patenting technological advances ensures
Within the long run, a monopoly cannot continually produce economic profit unless: (w) economies of scale are important. (x) corporate taxes are lowered. (y) barriers to entry are significant. (z) the monopolist maximizes profit.
Vigorous competition for predictable flows of income recommends that federal agricultural subsidies will tend to be rapidly: (1) spent because most farmers lack sufficient budgeting skills. (2) capitalized within higher prices for farm land. (3) slash
For most families inside the United States, there the income elasticity of demand appears to be lowest, upon average, while looking the demand for: (1) better government. (2) environmental quality. (3) education. (4) children. (5) vac
Can someone please help me in finding out the accurate answer from the following question. According to most conventional theories of labor market: (1) The supply curve of labor is positively sloped as higher salaries attract the extra workers to the labor market. (2)
Properties of indifference curves: The 3 properties of indifference curves are as shown below:A) Slopes downward from left to right: To consume more of onegood the consumer should give up li
The entire profit maximizing organization will hire more labor up to the point where: (w) Average physical product of labor equivalents the nominal wage. (x) Last unit of labor adds uniformly to net revenue and net cost. (y) Marginal product of the labor is at its hig
what are the implications of law of demand to the government,household and business
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