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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
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
le..what was 6th financial planning of india?
what is marginal costs?
Functions and Resources of the Bank The main functions of the Bank are as follows: • to assist in reconstruction and development of the territories of it member-governmen
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Problem: i) What is meant by ‘own' price elasticity of demand? What factors are likely to affect the size of this elasticity? ii) A publicly owned bus line is running at
For each of following production functions, comment on the ability to substitute capital for labor. Note that Q, K, and L denote output, capital, and labor respectively. A: B
Returns to Scale in Carpet Industry * The carpet industry has grown from the small industry to large industry with some large firms. * Question - Can the growth be illu
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define economics in plural sense. .
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