User Account

All Pages

Marijuana substitutes or complements

Assignment Help Macroeconomics
Reference no: EM131271421

In the incoming election, Massachusetts voters will have the option to liberalize marijuana in their state. According to news reports, the Massachusetts alcohol industry is contributing money against the legalization of marijuana.

a) Given these news reports, does the Massachusetts alcohol industry consider alcohol and marijuana substitutes or complements? What does the industry believe would happen to the demand for alcohol in Massachusetts with the liberalization of marijuana: shift left, right or remain constant?

b) Given these news reports, which model do you think is most appropriate for the alcohol market in Massachusetts: Monopoly, oligopoly, monopolistic competition or perfect competition? Briefly explain.

Reference no: EM131271421

Questions Cloud

Tendencies for misuse or over-use of resources : Misuse or Over-Use From your experience with hospitals or medical offices and/or from your readings/research: Discuss where you have seen tendencies for misuse or over-use of resources. For example, whether the hospital or medical office tended to ho..
Compare the costs and benefits of a too-big-to-fail policy : Compare the costs and benefits of a too-big-to-fail policy? Is more competition in financial markets a good idea? Would restrictions on competition be a better idea? Why or why not? What does "well capitalized" mean? How is it calculated?
Standard upward-sloping supply and downward-sloping : For simplicity, assume that the coal market is perfectly competitive and draw a standard upward-sloping supply and downward-sloping demand diagram to represent the equilibrium in the coal market. Clearly label the axes, the curves, and the equilib..
Was the acquisition of these trade goods worth : How did European trade goods affect Native Americans’ lives? Was the acquisition of these trade goods worth Native Americans’ changing their lifestyles?
Marijuana substitutes or complements : Given these news reports, does the Massachusetts alcohol industry consider alcohol and marijuana substitutes or complements? What does the industry believe would happen to the demand for alcohol in Massachusetts with the liberalization of marijuan..
Air conditioner be considered real or personal property : Jay Geier purchased a cinnamon roll franchise from a franchisor. To house the operation, he purchased a small, but ideally located building from David Stein. The two individuals agreed upon a fair price, then both Mr. Geier and Mr. Stein signed the s..
What were the motivation for the original glass-steagall act : What were the motivations for the original Glass-Steagall Act of 1933? How did competitive forces lead to the repeal of the Glass-Steagall Act's separation of the banking and securities industries?
Low income level and high povery incidence : What strategies should Wal-Mart follow to succeed in a market like Africa with its low income level and high povery incidence? Do you think its low-cost model will be successful in Africa? Give reasons to support your answer.
Face oppositions from trade unions : Why did Wal-Mart face oppositions from trade unions and other government departments over its acquisition of Massmart? Do you think the opposition coalition had a valid point in opposing the deal? Justify your answer

Reviews

Write a Review

Macroeconomics Questions & Answers

  Considering an economy with a current trade deficit and

Considering an economy with a current trade deficit and considering only the direct effect on income, an expansionary monetary policy tends to

  Purchasing power parity holds

Why do economists care whether or not Purchasing Power Parity holds?

  What was the balance of payments on the current account

Suppose that for Italy in 2008, exports 400 billion euros of goods and 300 billion euros in services, imports equaled 500 billion euros of goods and 350 billion euros of services, and the rest of the world purchased 250 billion euros of Italy's asset..

  Explain how is the aggregate supply curve

Explain how is the aggregate supply curve different from the supply curve for a single good like pizza.

  Assume that you are the chief economic advisor

Assume that you are the chief economic advisor to the president of the U.S..

  Suppose in the republic of madison that the regulation of

suppose in the republic of madison that the regulation of banking rested with the madison congress including the

  Consider both viewpoints and respond to both sides of the

Proponents of free market systems argue that free enterprise leads to more efficient production and better response to changing consumer preferences. Others point to the fact that markets are not perfect.

  Demand and total cost functions

A firm faces the following demand and total cost functions:

  Discuss the concept of macro economy

Discuss and explain the concept of the macro economy. Determine the major performance goals that we set for the economy, and how do we measure the performance?

  What does nyse stand for

A lot of abbreviations are used in the economics world. What does NYSE stand for?

  Find carmen sandiego utility by maximizing

(a) Find Carmen Sandiego's utility by maximizing the choice of domestic and foreigntravel. Find her utility consuming that bundle. (b) Suppose the price of domestic travel increases to P D = $300 per day. Find the newoptimal bundle at this price ..

  Describing labor and market discrimination

Suppose the ABC Corporation adopts a policy prohibiting its top-level executives, whose compensation packages-Use economic theory to analyze the incentive effects of this prohibition.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd