Tax revenue
What will be an ideal response?
government income due to taxation
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Suppose a perfectly competitive cotton farmer can produce 10 containers of cotton at an output at which marginal cost equals marginal revenue. The price per container of cotton is $100 and the average total cost is $75
What is the profit or loss that this cotton farmer is earning? A) $750 B) $150 C) $250 D) -$25
Plain Truth Adverting employs KPR, a large accounting firm, to audit its books each year. This involves considerable expense for the advertising firm, since its sales account managers are very independent and each maintains his separate record-keeping systems. Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why or why not?
What will be an ideal response?
By 2010, the __________ made up more than three quarters of the United States' economy, as measured by its share of the Gross Domestic Product (GDP).
A. quaternary sector B. no single economic sector holds such away in the US economy C. primary sector D. tertiary sector E. secondary sector
Using the ZZ/Y and NX graphs, illustrate graphically and explain what effect an increase in foreign output (Y*) will have on output, exports, imports, and net exports. Clearly label all curves and clearly label the initial and final equilibria
What will be an ideal response?