EBK PRINCIPLES OF MICROECONOMICS
EBK PRINCIPLES OF MICROECONOMICS
7th Edition
ISBN: 8220101472380
Author: Mankiw
Publisher: CENGAGE L
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Chapter 12, Problem 5QR
To determine

Efficiency of the marginal tax rate on the lump-sum tax.

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What is the marginal tax rate on a lump-sum tax?How is this related to the efficiency of the tax?
If a tax of $0.90 is imposed, what is the tax revenue?
What is retrospective tax?
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