MICROECONOMICS(LL)COMPANION
MICROECONOMICS(LL)COMPANION
21st Edition
ISBN: 9781260713541
Author: McConnell
Publisher: MCG
Question
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Chapter 12, Problem 4P

Sub Part (a):

To determine

Average total

Sub part b:

To determine

Average total cost and its relevance.

Sub part (c):

To determine

Identifying decreasing cost industry.

Sub part (d):

To determine

Identifying decreasing cost industry.

Sub part (e):

To determine

Identifying decreasing cost industry.

Sub part f:

To determine

Average total cost and its relevance.

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Frederick Jones operates a sole proprietorship business in Trinidad and Tobago. His gross annual revenue in 2023 was $2,000,000. He wants to register for VAT, but he is unsure of what VAT entails, the requirements for registration and what he needs to do to ensure that he is fully compliant with VAT regulations. Make reference to the Vat Act of Trinidad and Tobago and explain to Mr. Jones what VAT entails, the requirements for registration and the requirements to be fully compliant with VAT regulations.
Can you show me the answers for parts a and b? Thanks.
What are the answers for parts a and b? Thanks
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