What are some of the secondary effect of this tax

Assignment Help Business Economics
Reference no: EM13833553

The tax on cigarettes in New York City is the highest in the nation- $5.85 per pack. Does this tax raise a lot of revenue for New York City? Why or why not? What are some of the secondary effect of this tax?

Reference no: EM13833553

Questions Cloud

Distinguish between the two types by observation : The Soup Nut serves his signature minestrone soup in two different bowl sizes, large and small. What strategy should he use to extract the most surplus possible out of customers who come in two types, regular and big eaters, when he cannot distinguis..
What is the average velocity of the ball : A lead ball is dropped into a lake from a diving board 5.08m above the water. It hits the water with a certain velocity and then sinks to the bottom with this same constant velocity. It reaches the bottom 4.72s after it is dropped ( Assume the positi..
What is the bonds modified duration : A bond has a Macaulay duration of 5.5 a yield to maturity of 6.1 percent, a coupon rate of 7.0 percent, and semi annual interest payments. What is the bond's modified duration?
What is meant by the incidence of a tax : What is meant by the incidence of a tax? Explain why the statutory and actual incidence of a tax often differs.
What are some of the secondary effect of this tax : The tax on cigarettes in New York City is the highest in the nation- $5.85 per pack. Does this tax raise a lot of revenue for New York City? Why or why not? What are some of the secondary effect of this tax?
Example of speculative risk-noninsurance risk transfer : One of the elements of risk is uncertainty. Which one of the following best describes the type of uncertainty that risk involves? Risk can be classified as pure or speculative. Which one of the following is the best example of a speculative risk? Whi..
Examine the effects of supply and demand of milk : Examine the effects of supply and demand of milk. How do markets operate to bring this product into existence? Think about how these different markets work together to create a new product. How does that relationship affect supply and demand for the ..
Discuss issue from the perspective of the payer and recipien : 1. You are the tax consultant for a spouse in a divorce proceeding. Please discuss and compare alimony versus child support from a tax perspective. Please discuss this issue from the perspective of the payer and from the recipient. A tax client has t..

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate expected payout and talk about risk behavoir

Suppose 20 balls are placed in a bag. 10 balls are red, 9 balls are yellow and 1 ball is green. If you draw a red ball you must pay $10. If you draw a yellow ball you get $2. If you draw the green ball you get $100.

  Draw demandand supply diagrams to work these out

Show the effect of each of the following events on the market for coffee by stating 1) if the equilibrium price went up, down, or stayed the same and 2) if the equilibrium quantity went up, down, or stayed the same.

  What is my opportunity cost of opening a restaurant

I am also going to invest $ 100000 of my saings which were earning an average annual rate of 6 % what is my opportunity cost of opening a restaurant?

  Price of cigarettes also the quantity of cigarettes sold

Illustrate what effect this could have on the price of cigarettes also the quantity of cigarettes sold

  Use straight-line-quadratic and cubic formulas

Fit three possible statistical cost functions to the data. Use straight-line, quadratic, and cubic formulas. Discuss the statistical results you obtained in question 1. Include in your discussion R2 , the coefficients, and the statistical significanc..

  Which should encourage employment

A December 2007 issue of The Economist contained the following quote in an article about Germany: "The government has just chopped the payroll tax that finances unemployment insurance, which should encourage employment." Comment on this statement,..

  Qfor each level of output calculate the variable cost vc

q.for each level of output calculate the variable cost vc. for each level of output except zero output calculate the

  Which of the two units would you recommend

Which of the two units would you recommend ? What initial cost of machine A would make the two machines identical in overall cost? P.S. I need work shown please to know how to complete problem

  What is elasticity of aggregate demand over this interval

What happens to the aggregate quantity demanded in nominal terms over this interval? Using the formula for price elasticity of demand what is the elasticity of aggregate demand over this interval?

  Doctors and nurses the clinic is presently using optimal

Presently, AFC has on its medical staff 10 doctors and 10 nurses. The daily wage of a doctor is $600, whereas a nurse is paid only $200 a day. Is the mix of doctors and nurses the clinic is presently using optimal? Explain.

  Determine the incremental rate of return

A fleet manager must choose between two trucks to purchase for a company's fleet. The company will keep either truck for 4 years. Truck A costs $29,000 and has a market value of $16,000 after 4 years. Truck B costs $33,000 and has a market value of $..

  Beachood also drinks rather than expenditure an equal amount

en spends her afternoon at the beachood also drinks rather than expenditure an equal amount of funds to go to a picture.

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!

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