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

How it can be possible for increases in the minimum wage, The minimum wage ...

The minimum wage was increased in 1996 amid cries by various economists that it would cause unemployment. Critics shown that the last time the minimum wage went up the si

Supply function, given the cost function as C=0.3Q3-2Q2+13Q+25,find the sup...

given the cost function as C=0.3Q3-2Q2+13Q+25,find the supply function

Define regressive tax, Q. Define Regressive Tax? Regressive Tax: A tax ...

Q. Define Regressive Tax? Regressive Tax: A tax in that lower-income individuals or households bear a proportionately greater burden of the tax. Sales taxes aretypically consid

Economic value, The monetary calculate of the welfare associated with the c...

The monetary calculate of the welfare associated with the change in the provision of some good. It is not to be confused with monetary value, unless the latter is explicitly desig

What do you meant by retained earnings, Q. What do you meant by Retained Ea...

Q. What do you meant by Retained Earnings? Retained Earnings: Business profits that aren't distributed to shareholders (by dividends or other pay-outs) thoughinstead are retain

Answer paper, What is the theory of Second Best? Prove the theorem with the...

What is the theory of Second Best? Prove the theorem with the help of a diagram.

Separate administrative set-up for exports, Separate Administrative Set-up ...

Separate Administrative Set-up for Exports:   It may be worth examining the setting up of Foreign Trade Board, similar to what obtains in Japan (JETRO) and South Korea (KETRO)

Nash equilibrium, what is a sub game perfect Nash equilibrium

what is a sub game perfect Nash equilibrium

Normal and abnormal profits., the diagram used to illustrate of abnormal an...

the diagram used to illustrate of abnormal and normal profits

Consumer behaviour, do you think that dimnishing returns to a factor are co...

do you think that dimnishing returns to a factor are consistent with increasing returns to scale? explain with suitable diagram and reasoning.

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