=+g. Now suppose the government instead taxes economic profit at some rate t , 1. Thus, if

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=+g. Now suppose the government instead taxes economic profit at some rate t , 1. Thus, if the firm makes pretax profit p, the firm gets to keep only 11 2 t2p. What happens to the firm’s profit maximizing production plan?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 04, 2024 09:00 AM

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=+g. Now suppose the government instead taxes economic profit at some rate t , 1. Thus, if

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Microeconomics An Intuitive Approach With Calculus

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