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What is Laffer curve
The Laffer curve is named after Professor Art Laffer who suggested that as taxes enhanced from fairly low levels, tax revenue received by the government would also enhance. Though, there would come a point as tax rates where people would not regard it as worth working so hard. This lack of incentives would lead to a fall in income and thus a fall in tax revenue.
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Ask quesQuestion 1. A firm has a production function given by Q = L1/2 K, where L is labour and K is capital. Draw and appropriately label at least three points on each of the isoq
what do you mean by social welfare function
primary reference electrode,she
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
National Budget: A National Budget is a document showing estimates of expected government revenue and intended expenditure for the coming financial year. It usually consist of
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How does the indifference curve and budget line for a neutral good look like?
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given that a=(4;2) and b=(5;11)determine the value of x in the following equation b=3x-1/2a
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