Reallocation of resources-Government budget
Describe the Reallocation of resources objective of the government budget.
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Through Budgetary policy the government directs the assigning of resources in a way such that there is a balance among goal or of gain maximisation and social welfare. The Government can give subsidy and reduction in tax rate to motivate investment into regions where private sector initiative is not coming. Production of goods that are injurious to social life is discouraged via heavy taxation.
A monopoly facing a demand curve which has segments higher than its average variable cost curve that sets price: (w) equal to MR. (x) equal to marginal costs [MC]. (y) from the market demand curve after finding the quantity where is m
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Please, describe me what lexicographic is and its application also.
Ex-ante investment: This is planned or desired investment throughout a specific period.
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