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Question: Assume the government wishes to reduce alcohol consumption by considering a higher excise tax on alcohol products. Collect information on estimates for the price elasticity of demand for alcohol products. Based on these elasticity estimates illustrate using a demand/supply diagram(s) who bears the burden of the higher excise tax, consumers or producers.
As an alternative for reducing alcohol consumption assume the government is also considering the consequences of imposing a minimum price on alcohol for the consumption of alcohol products. Provide comment on the relative merits of increasing excise taxes compared to imposing a minimum price on alcohol products for reducing alcohol consumption.
the demand curve for 48 sony flat screen televisions is likely to move to the right when consumer incomes increase.the
Suppose we have monthly data on the CPI and quarterly data on the GDP. We have information only on the first two periods. We are given that the CPI increased by 0.5% from January to February, while GDP increased by 1.3% from Q1 to Q2. We would like t..
gabys rate of return to years of education follows the following equationr 0.5 - 0.07s 0.01awhere is her the rate of
1. in the article below michigan is offering financial incentives to improve health. using economic models demonstrate
Consider the two regressions in Table 2 based on the U.S. data for 1946 to 1975. (Standard errors are in parentheses.) The objective of Hanushek and Jackson's study was to find out the effect of defense expenditure on other expenditures in the econom..
The country has entered a period of economic growth, but prices are rising too rapidly. To stabilize prices, the Federal Reserve decides to:
The U.S. is an attractive market for foeign marketers for all of the following reasons except: A) Large population B) Rapid growth and Economic growth
A firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day.
If banks desire to retain excess reserves of 10% of total checking accounts and borrowers hold 10% of their new checking accounts (loans) for liquidity purposes and do not spend that 10%, what will be the maximum impact on the money supply in the ..
calculate the firm, marginal revenue schedule and what is the profit-maximizing output for the monopolist - what would the equilibrium price and output
suppose that at the same time as this demographic change occurs more college students decide to major in nursing. use a
Using the facts of the case, as well as theories and best practices that you have learned in the PROC 5820, Operations Management course, prepare a short description as to what you intend to do to address each of the 5 goals below.
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