Type of expenditure at the local level
What is the most important source of revenue and the major type of expenditure at the local level?
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At the local level the most important source of revenue is, by far, property taxes. Education is by far the most important expenditure.
Illustrate and clarify the economizing problem?
Explain the impact of external costs and external benefits on resource allocation
“Prices are the automatic regulator that tends to keep production and consumption in line with each other.” Explain.
The main advantage of using EVA is that it is simple to calculate and understand. It uses simple measures like operating profits and cost of capital terms which are widely known and accepted in the financial arena. It helps the managers to assess thei
Give a brief introduction of the term Control Factor?
Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below: Q : Several determinants of demand besides Illustrate the several determinants of demand besides price which affect demand?
Illustrate the several determinants of demand besides price which affect demand?
Problem: Luke likes to consumer CDs (good1) and pizzas (good 2). His preference over both goods is given by the utility function U(x1; x2) = x21
Give a brief introduction of the term Operating Leverage?
Intermediaries ultimately prosper only when they give a service of decreasing: (1) demand for a good (2) prices paid to manufacturers of a good. (3) transaction costs. (4) rivalry for various types of resources. (5) cut-throat competition into markets
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