Entertainment tax-Indirect tax
Why entertainment tax comes in indirect tax? Answer: Since its burden can be shifted to others.
Why entertainment tax comes in indirect tax?
Answer: Since its burden can be shifted to others.
Describe how the demand for a good is influenced by the price of its associated goods. Give illustrations.
From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?
Briefly describe High operating leverage?
Give a brief introduction of the term net present value? Write down its admittable rules, their merits and demerits?
Question: Suppose three identical firms are engaged in Cournot competition in quantities. They all have marginal costs equal to 40. Market demand is given by: Q : Affluence tomorrow requires sacrifice Explain: “Affluence tomorrow requires sacrifice today.”
Explain: “Affluence tomorrow requires sacrifice today.”
Give a brief introduction of the term combined leverage? And in what manner it is calculated?
Explain of the law of demand?
Explain how government might manipulate its expenditures and tax revenues to reduce unemployment?
Question: Ambrose consumes two goods, peanuts (x1 ) and a composite good (x2). He has a utility functionU = 4 √x1 + x2. This means his MU1 = 2/ √x1 an
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