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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
Neoclassical economics is dominant approach to economics currently taught and practiced in most of the world (and particularly dominant in Anglo-Saxon countries). It attempts to ex
what is tariff and qouta
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Total cost curve (TC) is obtained by adding up vertically total fixed cost and total variable cost curves because the total cost is sum of total fixed cost and total variable cost
sir i want critics of marris''s model , i have an assginment (write critics of marris''s model)
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Contribution of bonds in n economy.
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