Suppose a Firm Buys $1000 Worth of Inputs from Other

question 88

Multiple Choice

Suppose a firm buys $1000 worth of inputs from other firms,hires $1000 worth of labour services,and has sales revenue of $2500.The firm's resulting profit is $500.According to a value- added tax such as the GST,this firm would pay taxes on

• A)$500.
• B)$2500.
• C)$1000.
• D)$1500.
• E)$4500.

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Definitions:

Expressions

The process of conveying thoughts, feelings, or intentions through verbal or non-verbal means such as facial movements, body language, and speech.

Nonverbal Messages

Communication that involves transmitting messages without using words, including gestures, body language, facial expressions, and tone of voice.

Albert Mehrabian

A psychologist renowned for his work on non-verbal communication and the 7%-38%-55% rule regarding the elements of effective communication.

Speaker

An individual who delivers a speech or presentation to an audience.