Effect of tax on industry''s long run supply curve, Microeconomics

The Industry's Long Run Supply Curve

*  The Effects of Tax

- Earlier we studied how firms respond to taxes on an input.

- Now, we will consider how firm responds to tax on its output
Effect of Output Tax on Competitive Firm's Output

344_effect of tax.png

Effect of an Output Tax on Industry Output

2260_effect of output tax.png

Posted Date: 10/12/2012 5:56:46 AM | Location : United States







Related Discussions:- Effect of tax on industry''s long run supply curve, Assignment Help, Ask Question on Effect of tax on industry''s long run supply curve, Get Answer, Expert's Help, Effect of tax on industry''s long run supply curve Discussions

Write discussion on Effect of tax on industry''s long run supply curve
Your posts are moderated
Related Questions
1. Assessment Criteria The coursework will be marked on the overall outcome including: structure, quality of reasoning, quality of written English, data analysis, referencing, sty

explain nature of microeconomic

Trade union can also pay a useful role in improving the wages of the workers without causing adverse effects on employment. This case which is intensely associated with the idea of

What is the difference between 'Capital' and 'Capital value'?   "The total amount of money or other resources owned or used to obtain future income or benefits." On the other h

Question 1: i) Use a simple human capital model to explain the rationale for undertaking higher education. ii) Why do some people vary significantly in the amounts of human

What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod

Gasoline Rationing - In the year 1974 and again in the year 1979, the government imposed price controls on gasoline. - This resulted in scarcity and gasoline was rationed.

Q. What do you meant by Progressive Tax? Progressive Tax:Tax is considered progressive if a larger proportionate share of its total burden falls on individual'swith higher avera

a) The production function of certain firm is given as Q = 40 K 1/2 L 3/4 A unit of capital and labour costs Kshs 44 and Kshs 36 respectively. The firm would like to maxim

Comparison with Our Targets : A proper objective assessment of our performance can be carried out only when we juxtapose our current achievements with: (i) planned or targeted