Explain fixed capital and flat-rate tax, Microeconomics

Assignment Help:

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.


Related Discussions:- Explain fixed capital and flat-rate tax

Graph the total benefits and total costs functions, This problem continues ...

This problem continues the analysis from question 2. a.Another economic study finds that the marginal cost (MC) to farmers of nutrient runoff abatement is MC = .1Q. Graph this f

The budget line, The Budget Line The line BB gives the persons budget cons...

The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li

Slutsky theorem -mathematical presentation, Slutsky Theorem - Mathematical ...

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

Describe the different pricing strategies of firms, Question: (a) With...

Question: (a) With reference to the characteristics of market structure, describe why the market for powdered milk in Mauritius is an appropriate example of monopolistic compe

Theory of revealed preference, THEORY OF REVEALED PREFERENCE: If consu...

THEORY OF REVEALED PREFERENCE: If consumer's taste and preferences do  not change, then observation of her market behaviour or, actual act of choice between the commodity sets

Special drawing rights, Special Drawing Rights: SDRs are entitlement g...

Special Drawing Rights: SDRs are entitlement granted to member countries enabling them to draw from the IMF apart from their quota. It is similar to a bank granting a credit l

Consumer choice involving risk.., why risk averse consumers pay premium for...

why risk averse consumers pay premium for insurance to convert an uncertain outcome to a certain one?

Mr and ar, A monopolist''s demand curve is P=100-2q. find his MR function. ...

A monopolist''s demand curve is P=100-2q. find his MR function. at what price is MR zero

Explain features of outward-oriented and inward-oriented, The main features...

The main features of outward-oriented and inward-oriented development strategies. Inward- oriented as focus on reducing domestic reliance on imports by executing high barrier

Write Your Message!

Captcha
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