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sales tax

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Q: Which of these is one of the greatest sources of state revenue?
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What is the major source of revenue for most state governments?

Most state governments depend on at least one the following: sales tax, and income tax. 48 out of 50 states have at least one of those two in place, and derive the large majority of their revenue from them.


What revenue is the change in total revenue that results from selling one more unit of output?

Marginal Revenue =


What is the distinction between marginal revenue product and marginal revenue?

I'm thinking that marginal revenue product is the marginal revenue on one product, and marginal revenue is the marginal revenue on the whole firm sales... I'm wondering the same thing but the above response is incorrect. both terms imply values on one item as indicated by the "marginal"


What is the most important source of local tax revenue?

One of the most important sources of local tax revenue is property taxes. Every home owner in a municipality has to pay property taxes every year. These taxes help fund things like police salaries and schools.


Differentiate average revenue and marginal revenue?

Average Revenue: Total revenue divided by the number of units sold. Marginal Revenue: Is the extra revenue that an additional unit of product will bring. It is the additional income from selling one more unit of a good; sometimes equal to price. It can also be described as the change in total revenue ÷ the change in the number of units sold. Relationship: They both are the revenue brought in by, in this case, units sold. They are both used to calculate the total revenue just that marginal is any exrta revenue that the average revenue has left over.

Related questions

Until the 1880s both democratic and republican parties supported tariffs because?

they were one of the few sources of revenue for the government


A major source of revenue of barbados?

The major source of revenue for Barbados is exporting. Sugar was the number one thing. Tourism is also one of the major sources of revenue.


Does the state or town make the property tax rate?

Most of the time the local governments in the state determines the property tax rate. This is one of the local government's main sources of revenue.


What type of revenue do flow meters generate?

Flow meters have historically constituted one of the largest sources of industry revenue.


Where does state generate revenue?

taxes is one


What is one of he greatest sources of power for a president?

that their presidentay


Why did demoratic and republican parties support tariffs until the 1800s?

they were one of the few sources of revenue for government.


A quote by pauling linus?

Satisfaction of one's curiosity is one of the greatest sources of happiness in life.


What are Alberta's main sources of income?

One of the biggest sources of revenue for the Canadian government is income taxes. Another big source of revenue for Canada is consumption taxes.


What item represents one of the greatest sources of power of the president?

The Presidental Crest or Seal


What item represents one of the greatest sources of power for a president.?

strong popular support


What item represents one of the greatest sources of power for a president?

strong popular support