Determine which of the goals is likely to be most fully met

Assignment Help Microeconomics
Reference no: EM13182380

If an excise tax is imposed on a commodity in order to raise revenue for the government or to reduce the consumption of the good, then what is the relevance of the price elasticity of demand in determining which of the goals is likely to be most fully met?

Reference no: EM13182380

Questions Cloud

Explain different ways to make methyl propionate : Show two different ways to make methyl propionate, using methanol, propionic acid and other necessary reagents The methanol and propionic acid do not have to both be used in the first step.
Evaluate the break-even point in total sales dollars : Compute the break-even point in total sales dollars and in units for 2014 and paul was a marketing major in college. He believes that sales volume can be increased only by intensive advertising and promotional campaigns.
Why are these goals in conflict with each other : When an excise tax is imposed on a commodity in order to raise revenue for the government or in in order to raise the consumption of the good, then why are these goals in conflict with each other?
State n-methylpropionamide using propionic acid : Show how to make N-methylpropionamide using propionic acid and methylamine and other necessary reagents. The methylamine and propionic acid do not both have to be used in the first step.
Determine which of the goals is likely to be most fully met : If an excise tax is imposed on a commodity in order to raise revenue for the government or to reduce the consumption of the good, then what is the relevance of the price elasticity of demand in determining which of the goals is likely to be most ..
Nylon undergoes depolymerization when heated in aqueous acid : Nylon undergoes depolymerization when heated in aqueous acid. Propose a reaction mechanism that accounts for this fact, using curved arrows to symbolize the flow of electrons.
Find the hicks-compensated demand function : find the Hicks-compensated demand function of the following utility function: u(x1,x2) = x1.x2 + x1 I have found Marshall demand function, but I doubt how I find the Hicks-compensated. Is there anyone who can help me with that?
Explain who wins and why : Yet after telling the bank of his conditions the bank refuses to hire Gorton. He sues based on the Americans with Disability Act (ADA). Who wins and why? Would it matter if Gordon never told the bank about his HIV and allergies? If no, why not? If..
Prepare a differential analysis report : Prepare a differential analysis report, dated April 21 of the current year, on the proposal to sell at the special price and prepare a differential analysis report, dated March 12 of the current year, on the decision to make or buy Part Q.

Reviews

Write a Review

Microeconomics Questions & Answers

  How many units of labor should the firm use

How many units of labor should the firm use in order to produce 400 units of output at the least cost and the minimum cost of producing 800 units of output is what?

  Demand curve is the producers average revenue

Give a numerical example to show that a monopolist's marinal revenue can be upward-slping over prt of its range

  Question on optimal pricing strategy

Optimal pricing strategy varies significantly across different market structures. The pricing guidelines in a monopoly market are relatively straightforward. Since the company is the only producer offering the product, it can mark-up the price as ..

  Differences between fixed and variable taxes

Assume that the government decreases spending by one hundred billion dollar. What happens to aggregate demand and discuss the differences between fixed and variable taxes.

  Determining two variables of price

The demand for new homes in the United States is often described as highly cyclical and very sensitive to housing prices and interest rates.

  What specific global imbalance are indentified

what effects might a decision by these countries to diversify their interrational reserve holdings have on the dollar and what problems might it create for U.S monetary policy?

  Why a government might want to regulate a monopolist

Explain why a government might want to regulate a monopolist and How can governments negate the adverse side-effects of gold-plating and cost padding?

  Computing price-income and advertising elasticity

A firm has estimated the following demand function for its product:

  Describe the concept of comparative advantage

Economic opportunities happen from nations which develop industries in which they have a comparative advantage and describe the concept of comparative advantage.

  Determine short run impact

A new taco making equipment that is same in size and expense to hog dog carts has encouraged more street vendors to begin selling tacos.

  What level of output should this firm produce

What level of output should this firm produce in order to maximize profit or minimize losses - and how many firms in total will there be in this market?

  Explain why total profits fall

Derive the profit frontier, and explain why total profits fall as the firms redistribute profit between themselves by redistributing output.

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