Illustrates the key terms of excise tax, Microeconomics

Assignment Help:

Illustrates the key terms of excise tax?

Terms of excise tax:

a. Tax incidence

• Who bears the load of the tax?

b. Excess burden or Deadweight loss

• Taxes inflict additional costs, over and above the money really paid in taxes, into the form of inefficiencies, that occur since the tax discourages equally beneficial transactions

c. Tax revenue = Area of Wedge as by height and width


Related Discussions:- Illustrates the key terms of excise tax

Utility-expenditure duality, Utility-Expenditure Duality: Consider the...

Utility-Expenditure Duality: Consider the minimisation of the  expenditures necessary to achieve a specified utility level. The solution for qi yields the compensated demand f

Revenues, Ask qdescribe average and marginal revenue under imperfect compet...

Ask qdescribe average and marginal revenue under imperfect competitionuestion

Principles of microeconomics, can you help me figure out how to create a gr...

can you help me figure out how to create a graph with little or no information

Health and life expectancy, Health and Life Expectancy: In addition t...

Health and Life Expectancy: In addition to struggling on low income, many people in the developing nations fight a constant battle against malnutrition, disease and ill healt

What is formal economy, Q. What is Formal Economy? Formal Economy:Secto...

Q. What is Formal Economy? Formal Economy:Sector of the economy that produces services and goods in return for monetary payment, and is fully integrated into the formal structu

Can you explain about counterfactual, Q. Can you explain about Counterfactu...

Q. Can you explain about Counterfactual? The ‘base case' or counterfactual is a statement of what could have happened without policy intervention, or if the policy intervention

Monopsony, what are the pros and cons of monopsony

what are the pros and cons of monopsony

Explain monetarist and monetary policy, Explain Monetarist and Monetary pol...

Explain Monetarist and Monetary policy Monetarist:    A group of economists who believe that alters in the money supply are the most effective instrument of government economi

Concept of cost, explain the relationship between ATC,AVC and MC by using d...

explain the relationship between ATC,AVC and MC by using diagram

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd