graph of lnT vs kequilibrum . explain it
Answers
Answer:
Lindahl tax is a type of taxation proposed by Swedish economist Erik Lindahl in 1919, in which individuals pay for the provision of a public good according to the marginal benefit they receive to determine the efficient level of provision for each public good.12
- In the equilibrium state, all individuals consume the same quantity of public goods but will face different prices under the Lindahl tax because some people may value a particular good more than others
Explanation:
Every consumer demands the same amount of the public good and thus agrees on the amount that should be produced.
Consumers each pay a price (known as a Lindahl tax) according to the marginal benefit they receive.
The total revenue from the tax covers the full cost of providing the public good.Lindahl tax is a type of taxation proposed by Swedish economist Erik Lindahl in 1919, in which individuals pay for the provision of a public good according to the marginal benefit they receive to determine the efficient level of provision for each public good.12
In the equilibrium state, all individuals consume the same quantity of public goods but will face different prices under the Lindahl tax because some people may value a particular good more than others .
Answer:
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Hence there is a fundamental relationship between chemical kinetics and chemical equilibrium: under a given set of conditions, the composition of the equilibrium mixture is determined by the magnitudes of the rate constants for the forward and the reverse reactions