How does Henry George’s proposal for a single tax on land relate to the elasticity of the supply of land? Why are there so few remaining advocates of George’s proposal?

Q: Given, the total surplus in the market is 1730 taka. You know that the consumer surplus in the…

A: The equilibrium price and equilibrium quantity of a good sold in the market are determined by the…

Q: tax proposals

A: Tax- it a charge imposed by the Govt on a producer or an individual Lump – Sum Tax- it is paid once…

Q: llustrate the Ricardian 'Corn Rent' model. How rental market changes due to heterogeneity of land?

A: David Ricardo, an English old style business analyst, propounded a theory to clarify the inception…

Q: Top One Enterprise Ltd earns huge profit this year and needs to pay profit tax to the government.…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Define and explain the Pigouvian Taxes.

A: A tax known as the "Pigouvian Tax" is imposed on economic actions that result in costs that are paid…

Q: DIGITAL TAX IN MALAYSIA Starting 1 January 2020, the government began imposing a digital…

A: Administration of digital tax of chargeable person in Malaysia. From january 1 2020,Malaysian…

Q: Critically examine the principles of taxation and point out the difficulties in their practical…

A: Taxation is an important part of government revenue. Without taxes it is not possible for a…

Q: A religious group engaged in the sale of bibles and other religious articles was required to pay…

A: The imposition of tax is mostly valid except in some counties or states where the law states…

Q: Suppose that initially a seller's "bottom line" asking price for a particular car is equal to…

A: Bottom line price is the price which is lowest the seller can charge its customer without incurring…

Q: A levy upon liquor, jewelry, tobacco, etc. is called_ a. Occupation tax b. Nuisance tax c. Personal…

A: The government earns revenue through taxation policy. This tax revenue is important for the…

Q: How can the government solve the issue of land redistribution in South Africa?

A: Redistributive land approaches by and large allude to a sort of land change which looks to…

Q: What are the different forms of equity and its impact on pay rates? Please explain with proper…

A: The different types of equity and their impact on payment rates are as follows:

Q: After-Tax Wage Paid by After-Tax Wage Received by Tax Proposal Quantity Hired Employers Workers…

A: If the tax is levied on the employers their cost of production will increase therefore they will…

Q: answer questions 2 and 3

A: Subsidies: A subsidy is a measure of cash given straightforwardly to firms by the public authority…

Q: explain five different cases of income exempt from rax with clear examples

A: In an economy, tax-exempt income refers to the part of the income of people that is not liable to be…

Q: identify the various classification of income tax and explain briefly each.

A: An tax may be a tax imposed on people or elements (taxpayers) in regard of the income or benefits…

Q: Torue or Ja O Service tasc is a direct tax Central esuise duty is a direct tan

A: Taxes are an important government policy instrument that is used to collect revenue from the public…

Q: d) It has been argued that "direct cash transfers are better than direct subsidy". With the aid of…

A: Direct cash transfers:- Direct cash transfer can be explained as a welfare strategy wherein…

Q: Market demand for Mandrake roots is given by Q=472-4P and market supply is given by Q=3P. The…

A: Market demand  Qd=472-4P Market supply Qs=3P Tax per unit =$10

Q: c. Explain the term rent seeking and state which of the market structures undertakes such an…

A: Rent-seeking can be said to be a concept in economics which states that an entity or individual will…

Q: If the surplus on income ratio is only 15%, and the surplus on fund employed is only 26%. Is this…

A: Labor surplus means the surplus of labor in an economy. It means there is more quantity of labor…

Q: 1. A company has the following average income (demand) curve: P=100-0.01Q. Where Q is weekly…

A: Given: Average income (demand) curve: P=100-0.01Q Cost function : CT = 50Q + 30,000

Q: Which of the following is an example of a Tax Deduction? O Cothing Expenses Child Dependency…

A: Tax deduction refers to claims made to reduce your taxable income, arising from various investments…

Q: Market demand for Mandrake roots is given by Q-273-3P. The government of imposes a per unit tax of…

A: Market demand curve is given by  Q=273-3P  ......... (1) Tax imposed by govt is $7 per unit on…

Q: Which of the following is an example of an excise tax? O a) cigarette tax O b) social insurance tax…

A: Excise tax is the tax which consumers don't pay directly to the government. It is an indirect tax.

Q: what are the 2 kinds of land ownership

A: Land ownership explains the owner or the person who posses the property or land.

Q: Theoretically and graphically explain the incidence of ad-valorem tax on the equilibrium price and…

A: An ad valorem tax has imposed a tax on an asset or good based on its value. This tax is generally…

Q: Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However,…

A: Tax is an amount of money that is an excess of price charged on the producer or the consumer by the…

Q: Define vertical and horizontal equity objectives of a tax system. Which one do you think is more…

A: What Is Vertical Equity?  Vertical equity is a strategy for gathering annual tax where the taxes…

Q: Distinguish between the following; i. Direct demand and derived demand ii. Economic rent and…

A: (i) Direct Demand  1. Direct demand goods are those that provide immediate satisfaction to…

Q: Suppose a project needs to hire 50 electricians. At the initial wage of 60K/year (including…

A: Opportunity cost refers to the given up benefit in the process of gained some other benefit.

Q: 29. Jill is 16 years old and worked at her local grocery store over the summer earning $5,600. Is…

A: Deductions from a person's income by the government happen under "taxation", which is dependent on…

Q: If the corporate income tax induces businesses toreduce their capital investment, thena. the tax…

A: Corporate income tax is the tax imposed by the government on companies and firms on their operating…

Q: s manager in the company, Delia receives the following benefits:   Company anniversary gift…

A: Given: Company anniversary gift P10,000 Rice subsidy 35,000 Laundry allowance…

Q: How does tax affect a firm's fixed, marginal and average costs? 1. When firm must pay lump sum tax…

A: The tax is divided into the two parts : Lump sum tax and specific tax or per unit tax. Lump sum tax…

Q: What is NDP at factor cost if  NDP MP = 534  Net product taxes = 14  net production taxes = 20

A: In going from Net Domestic Product at Market Prices (NDPMP) to Net Domestic Product at Factor Cost…

Q: Suppose you return to college and earn an MBA, after which you get a middle-manageme position with…

A: Federal social insurance tax: It is the amount that is collectively paid by the employer and…

Q: Describe the important features of land reforms made by government of Pakistan in detail?

A: The land is a factor of production which helps in the production of goods and services and…

Q: Beta Laundry's cost function is C(q) = 60 + 16q +q?. What quantity maximizes the firm's profit if…

A: For a perfect competition the supply curve is given by the equation: Price = Marginal Cost Price = p…

Q: Consumer surplus measures the benefit to consumers of purchasing a product. Producer surplus…

A: Consumer surplus: It is the benefits received by the consumers when they pay less than they are…

Q: Soft drink producer's operation in each week produces q liters of mineral water at a cost of aq) =…

A: The optimal q and profits when there is no tax on the producer’s output is;…

Q: Taxes or cost increases are not always paid where they are laid. how to use examples to explain the…

A: Yes, it is true that taxes are not always paid where they are laid as the burden of tax depends on…

Q: Here in the U.S. the government has subsidized come college costs with various grants and in some…

A: Subsidy refers to the direct or indirect monetary or non-monetary benefit to people by the…

Q: Adam Smith proposed taxing ‘Sugar, rum and tobacco’ because they are: “nowhere necessaries of life”…

A: A necessity good and luxury good are two different types of goods.