A tax on sellers shifts the supply curve to the left. a. True. b. False. True or false? When a firm is able to set its price, its price will always be less than its marginal revenue. A tax is a positive externality. True False State True or False: Whe...
16.3 (goods market) and 16.4 (factor market) and assume that the economy consists of a single good and a single factor. An ad valorem tax paid by the consumer shifts the demand curve down in the goods market and the supply curve up in the factor market. For qi/q2 to be the same ...
The equilibrium interest rate guarantees that the supply of savings equals the demand for capital, which, at the same time is a factor of production and a way to move resources over time. This dual role of the capital stock and the fact that it is impossible to trade with future ...
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Health care, however, is dominated by highly regulated nonprofit and not-only-for-profit providers, so it is not clear that the supply curve represents the true opportunity cost of the resources used to produce the care provided. Normatively, the analysis rests on an standard welfare ...
By closely reflecting the balance between leaf water supply and E rate, it highlights significant genetic variation with high heritability, and is informative at different stages of the plant’s life cycle. Moreover, it has proven to positively correlate with E and photosynthetic rate, HI, and ...
6Tax Avoidance Responses 6.1Trade-Off Between Tax Minimization and Control The discussion so far made no serious distinction between responses that involve “real” behavior—wealth accumulation, labor supply, lifetime transfers—and those that are solely intended to reduce tax liability with no real ...
(i.e. the area between the supply curve and x-axis). However, since MOC is shadow priced, PD must also be transformed into a shadow-priced curve to make the comparison valid. This is done by taking the increment of expenditure p.ΔQ and asking what is the shadow-priced marginal cost...