Explain the benefit-based principle in taxation

Assignment Help Business Economics
Reference no: EM13978560

Explain the benefit-based principle in taxation. Also explain how this principle is linked to the Lindhal equilibrium in local public finance choice

Reference no: EM13978560

Questions Cloud

If unexpected inflation does not exist : If unexpected inflation does not exist
Should this firm continue to operate in the short run : Assume a perfectly competitive firm is currently producing 5,000 units of output and is earning $15,000 in total revenue. The marginal cost of the 5,000th unit of output is $3. The corresponding average total cost is $3.50 and total fixed costs equal..
How much does each firm produce at the nash equilibrium : The inverse demand function for the market is P = 120 - 2Q. There are two firms: A and B. The cost for firm A are C(qA) = 18qA, and the costs for firm B are C(qB) = 18qB. Assume that both firms choose quantities simultaneously. What is each firm's be..
Assume a perfectly competitive firm is currently producing : Assume a perfectly competitive firm is currently producing 5,000 units of output and is earning $15,000 in total revenue. The marginal cost of the 5,000th unit of output is $3. The corresponding average total cost is $3.50 and total fixed costs equal..
Explain the benefit-based principle in taxation : Explain the benefit-based principle in taxation. Also explain how this principle is linked to the Lindhal equilibrium in local public finance choice
Evaluate the federal fiscal policy and monetary policy : Evaluate the federal fiscal policy and monetary policy in terms of the Austrian approach to macroeconomics and the Structuralist Keynesians. While preparing your answer, pay particular attention to their impacts on the national economy and income dis..
What forces influenced the expansion of voting rights : Describe the expansion of suffrage in the United States since the Founding. Why might the government have denied participation to so many for so long? What forces influenced the expansion of voting rights? Describe and give examples of some forms of ..
Income effect-price effect in intergovernmental aid systems : Explain the difference between income effect and price effect in intergovernmental aid systems by also explaining the difference between foundation aid systems and power-equalizing aid systems
Compute the inflation rate for each year : Assume a hypothetical economy in which the velocity is constant at 2 and real GDP is always at a constant potential of $4,000. Suppose the money supply is $1,000 in the first year, $1,100 in the second year, $1,200 in the third year, and $1,300 in th..

Reviews

Write a Review

Business Economics Questions & Answers

  Qin year 1 and year 2 there are two products produced in a

q.in year 1 and year 2 there are two products produced in a given economy computers and bread. suppose that there are

  Represent monopolistic competition-oligopoly or both

State whether the following characteristics represent monopolistic competition, oligopoly, or both.

  Number macroeconomic variables decline during recessions

A number macroeconomic variables decline during recessions. One of these variables is the GDP. What other variables, besides real GDP, tend to decline during recessions? Given the definition of real GDP and its components, explain the declines in the..

  What is the firms cost function

Gail works in a flower shop, where she produces 10 floral arrangements per hour. She is paid $10 per hour for the first eight hours she works and $15 an hour for each additional hour she works. What is the firm’s cost function? What are its AC, AVC, ..

  Acre of land exhibits diminishing marginal productivity

A purely competitive wheat farmer can sell any amount of wheat he grows for $20 per bushel. He is using a fixed amount of capital (tractors and plows) and he and his sister are the only workers. Thus cultivating each additional acre of land exhibits ..

  Load the blue spruce light up data

Load the Blue Spruce Light Up Data (latest file, through 2013). Extract and specify a model that predicts Cars through the gate as a function of Price and Average Daily Temperature.

  Illustrate what is the probability that a randomly selected

Without further use of Excel, illustrate what is the probability (in %) that a randomly selected orange will contain less than 4.2 ounces of juices?

  Production of an economy creates pollution

Some of the production of an economy creates pollution illustrated by the move.

  Which company product provides greatest value-created

Which firm's product provides the greatest value-created. In an industry equilibrium in which the firms achieve consumer surplus parit.

  What is the profit-maximizing price

A monopoly has two production plants with cost functions C1 = 40 + 0.2Q12 and C2 = 50 + 0.1Q22. The demand it faces is Q = 480 ? 5P. What is the profit-maximizing price?

  What will be the value of the lost revenue

what will be the value of the lost revenue after a 3-year period at an interest rate of 11.940397% per year, compounded continuously?

  An investment has beta-what is the required return

An investment has a beta of 1.0. The risk free rate is 2% and current market return is 8%? What is the required return?

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