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Differentiate between the following:
1) Positive externalities and negative externalities
2) Optimal efficient tax structure and optimal tax system.
3)Current transfer and capital transfer.
1) Positive externalities and negative externalities
2) Optimal efficient tax structure and optimal tax system.
3)Current transfer and capital transfer.
Economics
Visit a few internet sites on retailing in India and report the latest developments and issues confronting the industry. 700 words need for answer
If the government announces the Minimum Support Price of Rs 10 per kg of rice, what will be the effect in rice market?
a) Graphically illustrate a perfectly competitive firm incurring a loss in the short run.
Explain what is meant by “shut-down determination” in the short run.
b) If perfectly competitive firms are incurring a loss in the short run, graphically illustrate and explain the adjustments to long-run equilibrium.
c) Graphically derive and explain the underlying theory of the long run industry supply curve, assuming a constant cost industry.
Explain what is meant by “shut-down determination” in the short run.
b) If perfectly competitive firms are incurring a loss in the short run, graphically illustrate and explain the adjustments to long-run equilibrium.
c) Graphically derive and explain the underlying theory of the long run industry supply curve, assuming a constant cost industry.
Economics
Explain the fact that balance of payments surplus means excess of central bank credit
over the demand for real money balances in the economy.
over the demand for real money balances in the economy.
Is there scope for inter-governmental competition in the Tiebout model? Explain.
Why is the Benefits Received Approach not applicable for direct taxes?
a) Given TC = 30 + 3q + 4q^2 + q^3, determine the values for AFC, AVC, ATC, and MC at
Q = 5.
b) Graphically illustrate and describe the relationship between the cost curves in
part (a).
c) Derive and explain the relationship between marginal cost and marginal product. Describe the law of diminishing marginal returns and how it relates to marginal cost and marginal product.
Q = 5.
b) Graphically illustrate and describe the relationship between the cost curves in
part (a).
c) Derive and explain the relationship between marginal cost and marginal product. Describe the law of diminishing marginal returns and how it relates to marginal cost and marginal product.
In a competitive labour market, with one variable factor, the supply of labour to the firm is
a. equal to the marginal expenditure curve.
b. equal to the demand curve for labour.
c. greater than the marginal expenditure curve.
d. equal to the marginal revenue product curve.
a. equal to the marginal expenditure curve.
b. equal to the demand curve for labour.
c. greater than the marginal expenditure curve.
d. equal to the marginal revenue product curve.
If leisure is a normal good, then the income effect of a decrease in wage will
a. decrease the number of hours worked.
b. increase the number of hours worked.
c. increase the number of leisure hours.
d. increase the sum of leisure plus hours worked.
a. decrease the number of hours worked.
b. increase the number of hours worked.
c. increase the number of leisure hours.
d. increase the sum of leisure plus hours worked.
