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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.
Factors of Production Factors of production are the resources that are utilized to manufacture goods and services: 1. Natural resources: The things developed by acts of n
2. You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a per
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The Tastee Bakery Company supplies a bakery product to many supermarkets in a metropolitan area. The company wishes to study the effect of shelf display height employed by the supe
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thoery explanation
substitution and income effect on inferior good
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
Slutsky Theorem - Mathematical Presentation: We already know from the first order conditions of utility Maximisation that, where D ij is the co-factor of the ith ro
Explain the Demand Pull Inflation Demand Pull Inflation: Occurs when aggregate demand exceeds aggregate supply. If there is an excess level of demand in the economy, this w
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