Suppose a Firm Buys $1000 Worth of Inputs from Other

question 23

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)$1000.
• C)$1500.
• D)$2500.
• E)$4500.

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Definitions:

Huntington's Disease

A hereditary and degenerative brain disorder that affects movement, cognitive functions, and emotions, leading to physical and mental decline.

Demonological Model

An ancient way of understanding psychological disorders that attributes them to the possession by evil spirits or demons.

Abnormal Behavior

Actions or behaviors that are significantly deviant from what is considered normal or typical within a cultural or societal context.

Middle Ages

A historical period in Europe spanning roughly from the 5th to the late 15th century, characterized by feudalism, the rise of Christianity, and the lack of central government.