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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.
According to “The child labour prohibition and regulations act 1986” how many hours of overtime can be taken from a young child?
Marked price of an article is Rs.420 more than its cost price. If profit earned is equal to the discount given then find the profit earned?
A student focuses a sharp image of the sun using a spherical mirror on a sheet of paper, which starts to burn after some time. Which of the following st...
Select the correct option that represents the correct order of the given words as they would appear in an English dictionary.
1 – Bright
Which of the following is the decimal value of the binary number 11011?
As per Section 3 of the Trade Union Act, 1926, who is responsible for appointing the Registrar of Trade Unions?
5th edition of HUN- a Thadou Cultural Festival 2023, an annual cultural festival and a civilizing act of the Thadous community has been held. Where is t...
When are strikes and lock-outs prohibited according to the Code on Wages Act 2020?
Consider the following statements regarding the 24th Constitutional Amendment Act:
1. It excluded the Constitutional Amendment from the purview o...
Match List-I (Railway Zone) with List-II (Headquarters) and select the correct answer using the code given below the lists:
List-I (Railway Zone)...