Revenue receipts treated as legally compulsory payment
Which kind of revenue receipts are considered as legally compulsory payment imposed on people by the government? Give illustration also. Answer: Taxes imposed on the people by the government like income tax, sales tax and so on.
Which kind of revenue receipts are considered as legally compulsory payment imposed on people by the government? Give illustration also.
Answer: Taxes imposed on the people by the government like income tax, sales tax and so on.
Profit is maximized as in illustrated graph when this purely-competitive lumber mill produces at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. Q : Define production possibility curve or Production possibility curve or PPC: PPC exhibits different combination of a pair of goods, that can be produced with the given resources and method of production, that are fully and proficiently utilized.
Production possibility curve or PPC: PPC exhibits different combination of a pair of goods, that can be produced with the given resources and method of production, that are fully and proficiently utilized.
A profit-maximizing monopolist will certainly be capable to generate economic profits when, at certain level of output: (w) average fixed costs [AFC] are very high. (x) average total costs [ATC] lies above the demand curve. (y) averag
The information is illustrated below: (a) Determine the expected return on Stock X?
To minimize short-run losses, then a firm’s revenue should at least cover its short-run total as: (w) explicit costs. (x) fixed costs. (y) variable costs. (z) implicit costs. Hey friends please give your opin
Of the given, the good for that demand is likely to be most price elastic is as: (1) electricity. (2) airline tickets in throughout spring break. (3) ballpoint pens. (4) Paul Newman’s spaghetti sauce. (5) menthol cigarettes. Q : Relatively price inelasticity of demand When cuts into the price of cowboy hats drive down total revenues to hat makers, in that case demand: (1) relatively price elastic. (2) relatively price inelastic. (3) unitarily price elastic. (4) infinitely price elastic. (5) zero pr
When cuts into the price of cowboy hats drive down total revenues to hat makers, in that case demand: (1) relatively price elastic. (2) relatively price inelastic. (3) unitarily price elastic. (4) infinitely price elastic. (5) zero pr
A Lorenz curve can be utilized to demonstrate the: (w) functional distribution of income. (x) income necessary to maintain specified living standards. (y) demand for low wage labor. (z) cumulative percentage of income received by cumulative percentage
Industries dominated by some large firms whose decisions are interdependent are: (1) oligopolies. (2) monopolies. (3) cartels. (4) monopsonies. Please choose the right answer from above...I want your suggestion for the same.
In which market form, the products are distinguished. Answer: In Monopolistic competition
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