Government says that firm x must pay 1000 in taxes simply, Ask an Expert

Economics

Q. 1. Government says that firm X must pay $1000 in taxes simply because it is in business of producing a good. What cost curves if any does this tax affect and does MC change if TC changes.

2. If accounting profit is $400,000 greater than economic profit what do implicit costs equal?

3. If economic profit equals accounting profit, what do implicit costs equal?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9294871

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