MB 0 5‚000 10‚000 15‚000 E Price of a pack of cigarettes Quantity of cigarettes $14 12 10 8 6 4 2 MSB MSB curve shifts downward by the amount of the externality --- the marginal external effect Q 2. Many economists believe that a Pigovian tax is the most efficient mechanism for offsetting this market failure. Explain what is meant by the term ‘Pigovian tax’ and contrast the effectiveness of such a tax with a command and control approach to market failures. Ans. Pigovian tax
Premium Externality Economics Market failure
Chapter 31 (15th edition) American Life in the Roaring ‘20s 1. Seeing Red 1. Following WWI‚ America’s mood changed to isolationism and anti-foreigner. "Radicals" were shunned and foreigners were expected to change their ways to American. 2. A " Red Scare " (a fear of communism) emerged. This fear was fueled by (1) the recent Russian revolution‚ (2) Eugene Debs growing numbers‚ (3) loads of strikes‚ and (4) a series of mail bombs. 1. The logic went that communism was from Europe—all the more reason
Premium Ku Klux Klan Immigration to the United States Jazz
In the books of a Company Cost Sheet for the period ended…….. Units Produced….. Name of the product unit sold…. Particulars Total cost Rs. Unit Cost Rs. Opening stock raw materials Add Purchases of Raw Materials Add: Expenses on Purchases of Raw Materials (octroi & duty) Less: Closing stock of raw materials Less: Sale of scrap or defectives of raw materials = Cost of materials consumed Add: Productive Labour Add: Outstanding wages Add: Direct Expenses( architect’s
Premium Cost Inventory Material
CHAPTER 5 BALANCE SHEET AND STATEMENT OF CASH FLOWS IFRS questions are available at the end of this chapter. TRUe-FALSE—Conceptual Answer No. Description F 1. Liquidity and solvency. T 2. Limitations of the balance sheet. T 3. Definition of financial flexibility. T 4. Long-term liability disclosures. F 5. Definitions of the balance sheet. F 6. Land held for speculation. T 7. Balance sheet format. F 8. Disclosure of fair values. F 9. Disclosure of company operations and estimates. T
Premium Balance sheet Generally Accepted Accounting Principles
1. Introduction Payroll system is the heart of any Human Resource System of an organization. The solution has to take care of the calculation of salary as per rules of the company‚ income tax calculation and various deductions to be done from the salary including statutory deductions like Income tax and provident fund deductions. It has to generate pay-slip‚ cheque summary and MIS reports. It is understood that we are tired of managing thousand of odd papers‚ pay slips‚ payroll reports‚ and salary
Premium Microsoft Requirements analysis Computer
employee when they get the service. It is quite important for managers to efficiently define and manage the way that their employees do the service in order to make sure that their performance and behavior are good for service providing. AN AUTOMATED PAYROLL PRODUCTION SYSTEM Since the emerging of information technology and the introduction of computers‚ more work is effectively performed and successful results achieved. Right from government industries to nonprofit making organizations‚ the use of
Premium Employment Computer Force
launched an innovative campaign‚ “Share a Coke”. The company chose 150 of Australia’s most popular names and put them on the front of millions of Coca-Cola bottles (Lionbridge‚ n.d.). This is the first time in its 125-year history that Coca-Cola has made such a major change to it packaging. Later on‚ this simple idea then expanded to countries around the world‚ including New Zealand‚ the U.K.‚ Norway‚ Ireland and China. Other countries adapted Australian "Share a Coke" campaign into their own unique
Premium Coca-Cola
MODULE 2. CONTRACTUAL ASPECTS OF PAYROLL ADMINISTRATION Introduction This report will outline and compare existing employee contracts to legislative requirements‚ and assess where Global could be at risk for not complying with these requirements. Global is the world’s leading provider of Aerospace insurance with clients who are engaged in every aspect of the Aviation and Space industries. The office is based in London with other
Premium Employment Minimum wage Termination of employment
a certain organization uses a certain transaction processing system‚ retrieving and transmitting of information will be available at anytime needed. The number and volume of transactions can be calculated for a given time period. Payroll System is complete Payroll software right from Employees Personal Information‚ Pay Structure‚ Loans‚ Reimbursement‚ Pay Slip Generation & Printing‚ Salary Register‚ P.F.‚ E.S.I.‚ Profession Tax‚ Income Tax‚ and L.I.C. Reports etc. Added to the above reports
Premium Integration testing Software testing Software engineering
ABSTRACT Employee Management System is a distributed application‚ developed to maintain the details of employees working in any organization. It maintains the information about the personal details of their employees‚ also the details about the payroll system which enable to generate the payslip. The application is actually a suite of applications developed using Java. It is simple to understand and can be used by anyone who is not even familiar with simple employees system. It is user friendly
Premium Java Object-oriented programming Programming language