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Q. Explain Fixed Capital and Flat-Rate Tax?
Fixed Capital: Realcapital which is installed permanently in a specific location, including infrastructure, buildings and major equipment and machinery.
Flat-Rate Tax: a form of income tax in which each taxpayer pays the same rate of tax on their personal income, regardless of their income level. It differs from a progressive tax, in that higher-income individuals pay a higher rate of tax.
Question : (a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether c
explain 6 factors that determine volume of production
In the long-run equilibrium, each firm in a perfectly competitive industry will choose the plant size associated with minimum long-run average cost. Is this TRUE or FALSE? And why?
what the third degree price discrimination with case study of two successfull and unsuccessfull cases?
a machine cost 18871.00 today. at the end of each year I own the machine & it gives me returns of 4,948.00 after paying repairs and maintenance. After 6 years, I expect to sell it
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
AGRICULTURAL GROWTH AND PRODUCTIVITY TRENDS: Despite a steady decline in the share of agriculture in the Gross Domestic Product (GDP) of India, this sector continues to remain
Q. What is Free Trade Agreements? Free Trade Agreements:It is an agreement between two or more countriesthat eliminates tariffs on trade between the countries, reduces non-tari
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
At what point is the Fed likely to raise interest rates for the first time? How large are the first couple of hikes likely to be? (hints: conditional on unemployment or gdp growth
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