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

Chamberline approach, a more simple explanation of the group equilibrium in...

a more simple explanation of the group equilibrium in the short and long run

Problem in measuring depreciation, Economists view depreciation as capital ...

Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity

Periodic table, Chemical properties of p block elements

Chemical properties of p block elements

What are the determinants of income elasticity of demand, What are the dete...

What are the determinants of income elasticity of demand?  There are three determinants of income elasticity of demand. These are: Degree of necessity of a good: In a developed

Structure of marginal cost, "Consider a market with n firms occupied in Ber...

"Consider a market with n firms occupied in Bertrand competition. These firms have in common dissimilar marginal costs but any number of them may also have equivalent marginal cost

Monopoly, what is multi-plant monopoly?

what is multi-plant monopoly?

Indifference curves between consumption goods and leisure, How many hours w...

How many hours will an individual allocate to leisure if their indifference curves  between consumption goods and leisure are concave to the origin? Show in figures and explain in

Is economic development is based on goverment, Is economic development is b...

Is economic development is based on goverment Many governments--mainly unelected governments-aren't that interested in economic development. Giving valuable industrial franchis

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