lumpsum tax is levied on the monopolist, the burden will be borne by
A lumpsum tax on the monopolist or a percentage of the monopoly net revenue is like a fixed cost to a monopolist. It will lead to rise in the total cost. (Shift in average cost curve, marginal cost curve will remain same). As a result, equilibrium point and the equilibrium price-output combination would also remain unaffected by the tax. The profit of the monopolist would now fall, causing a redistribution of incomes. It will be borne by the monopolist and is not shifted to the consumer.
Choose the correct statements:
(A) Naphtha is a fraction of petroleum.
(B) Percolation is downward movement of water through soil.
...
Semi – solid transparent product prepared from clear extract of pectin containing fruit is?
What is the trade name of endosulfan?
Pusa Himani is a variety of:
What is a market type based on time span?
The juvenile hormone in insects is secreted by which organ?
Insects are studied in .......................................?
Match List I with List II
Choose the correct answer ...
The two states where National Kamdhenu Breeding Centers have been established under the Rashtriya Gokul Mission
The function of IMF includes: (i) Granting reconstruction loans to the war-devastated country (ii) Provides financial assistance to the member nations (...