Economists conclude that a tax on the revenues of firms will be shifted in part to consumers
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Firms can shift part of a tax on their revenue by ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Economics Principles and Policy
ISBN: 978-0538453653
12th edition
Authors: William J. Baumol, Alan S. Blinder
Question Posted:
Students also viewed these Economics questions
-
Green Valley issued $ 20,000,000 of general obligation bonds to construct a multipurpose arena. These bonds will be serviced by a tax on the revenue from events held in the arena and will mature in...
-
The city of Malaise is considering a 10% tax on the revenues of all hotels/motels inside the city limits. Although not completely different from hotels and motels in the nearby suburbs, the ones in...
-
Jacob Goldstein, a correspondent for National Public Radio, discussed the effect that a tax on sugared soft drinks would have on consumers: How much would a tax drive down consumption? Economists...
-
1. (Adverse Selection) Consider a labor market model with many identical firms hiring workers. The firms produce a homogeneous product with a constant-returns-to-scale technology and act as price...
-
Match each of the following components of internal control with its description. Components of Internal Control ________ 1. Control environment ________ 2. Risk assessment ________ 3. Control...
-
Figure P24.36 shows a cross section through an infinitely long, uniformly charged hollow cylinder. How does the magnitude of the electric field vary with the radial distance \(r\) from the cylinder's...
-
Repeat Problem 9.4 without centering the regressors and compare the results. Which approach do you think is better? Data From Problem 9.4 Find the condition indices and the variance decomposition...
-
A string with both ends held fixed is vibrating in its third harmonic. The waves have a speed of 192 m/s and a frequency of 240 Hz. The amplitude of the standing wave at an antinode is 0.400 cm. (a)...
-
GeneralProducts, Inc. was incorporated in Nevada on January 1, 2019, to take over a local retail chain and to supply goods to customers at the most competitive prices, both in stores and online. To...
-
The average fill volume of a regular can of soft drink is 12 ounces. Suppose the fill volume of these cans ranges from 11.97 to 12.03 ounces and is uniformly distributed. What is the height of this...
-
Three machines are employed in an isolated area. They each produce 2,000 units of output per month, the first requiring $20,000 in raw materials, the second $25,000, and the third $28,000. What would...
-
Many economists argue that a tax on apartment buildings is likely to reduce the supply of apartments, but that a tax on all land, including the land on which apartment buildings stand, will not...
-
Five carpenters worked 15 12, 13 34, 18 12, 21 14, and 22 34 hours, respectively. What was the total cost of labour if the carpenters were each paid $25.75 per hour?
-
A company's net sales are $8,500,000, cost of goods sold is $6,200,500 and accounts receivable are $2,150,000. What is the impact on cash flow and financing need of a 9-day reduction in accounts...
-
Julie received the following amount during 2013. Net salary of $35,000 after deductions of $8,400, Part-time cash income $3,400, Inheritance from Late Aunt $22,000, Year-end bonus from Employer - 3%...
-
A public agency is considering projects that, among other things, will incur major repair and rehabilitation costs on a recurring basis, but with a frequency greater than one year. The costs are...
-
On May 1, 2020, Boyles Company purchased an equipment for $180,000. It has a ten-year useful life and a residual value of $50,000. The company uses the double-declining-balance method of...
-
Tracy is married to the CEO of a local manufacturing firm, where she also works. When she started with the firm in 1990, she was earning only $35,000. She had no pension benefits. This year, she...
-
In Exercises, graph each parabola and give its vertex, axis of symmetry, x-intercepts, and y-intercept. f(x) = 1 3 8 x + 3 J 1 3
-
Audrey purchases a riding lawnmower using a 2-year, no-interest deferred payment plan at Lawn Depot for x dollars. There was a down payment of d dollars and a monthly payment of m dollars. Express...
-
An economy has the following consumption function: C = 200 + 0.8DI The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100. Investment is...
-
Use both numerical and graphical methods to find the multiplier effect of the following shift in the consumption function in an economy in which investment is always $220, government purchases are...
-
Find the equilibrium level of GDP demanded in an economy in which investment is always $300, net exports are always 2$50, the government budget is balanced with purchases and taxes both equal to...
-
Use factoring by grouping to solve the following equation. 3-522-16r+80=0 Enter the solutions, separated by commas if necessary. Do not use a plus-minus () sign when entering separate answers....
-
What are some intervention policies that make provisions for destitute college or university students in Ethiopia? Please provide Examples
-
Develop a simple application of two- variable linear programming problem to find an optimal product mix in a 'realistic' context. Specify the resources to be considered requirements, and the market...
Study smarter with the SolutionInn App