Question
lumpsum tax is levied on the monopolist, the burden will
be borne bySolution
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. 
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is/are definitely true and then ...
Statements:
F > L = P ≥ Q ≥ W; X < C ≤ D < W
Conclusions:
I. W > X
II. F > C
Statement: X > W = P; X > G > F; X < O
Conclusion: I. F < W      II. P ≤ F
In these questions, relationship between different elements is shown in the statements. The statements are followed by conclusions.
Statements:...
In the question, relationship between some elements is shown in the statements (s). These statements are followed by two conclusions. Read the statemen...
Statements:Â Â Â Â Â Â Â M @ N % Z #Â C & B $ AÂ # E; W $ Z @ C
Conclusions :Â Â Â Â Â I. E @ ZÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. A # WÂ Â Â ...
Statements: S ≥ U < N = A; D > U ≥ C
Conclusions: I. A > D II. C < A
Statements: A $ B, B * C, D % A
Conclusions: a) C # DÂ Â Â Â Â b) D $ B
Statements: F % W, W © R, R @ M, M $ D
Conclusions:
 I.D @ R                               II.M $ F�...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
