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TAX BASE: An item or activity that is subject to taxation. The most common tax bases are income, consumption, and wealth. The personal income tax and Social Security tax are two common taxes levied on the income base. Sales taxes are the most common taxes levied on the consumption base. Property taxes are the most common taxes levied on the wealth base.
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Lesson 18: Monopoly | Unit 2: Revenue
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Page: 11 of 30
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Topic:
Marginal Revenue
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- The revenue numbers are presented in this table.
- Larger Quantity: The increase in the quantity demanded and sold from 4 units to 5, generates extra revenue.
- Lower Price: However, the monopoly is able to sell the fifth unit ONLY by lowering the price from $8.50 per unit to $8.
- Marginal revenue is the net or overall change in total revenue resulting from both changes.
- The net change in revenue, marginal revenue is thus only $8 ($8 - $2).
- Marginal revenue is less than average revenue AND price because the firm must lower price to sell a larger quantity.
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BANK ASSETS What a bank owns, including loans, reserves, investment securities, and physical assets. Bank assets are typically listed on the left-hand side of a bank's balance sheet. Bank liabilities, what a bank owes, are listed on the right-hand side of a bank's balance sheet. Net worth is the difference between assets and liabilities. The largest asset category of most bank is loans, which generates interest revenue. A critical asset category used to maintain the safety of deposits is reserves (vault cash and Federal Reserve deposits).
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YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time strolling through a department store trying to buy either car battery jumper cables or a dozen high trajectory optic orange golf balls. Be on the lookout for door-to-door salesmen.
Your Complete Scope
This isn't me! What am I?
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Woodrow Wilson's portrait adorned the $100,000 bill that was removed from circulation in 1929. Woodrow Wilson was removed from circulation in 1924.
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"Inside the ring or out, ain't nothing wrong with going down. It's staying down that's wrong. " -- Muhammad Ali
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MTN
Multilateral Trade Negotiations
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