Excise tax imposed on firms in a competitive industry

Assignment Help Business Management
Reference no: EM131195078

Show the short-run impact of a $2 per unit excise tax imposed on firms in a competitive industry. (Assume the industry is in equilibrium before the tax was imposed.)

How would the long-run results differ? What is the impact on efficiency of the tax?

Reference no: EM131195078

Questions Cloud

Compare garavan and mccracken and wallace models : Compare and contrast Garavan's (1991) and McCracken and Wallace's (2000) models of Strategic SHRD and discuss how these can influence the future direction of the organisation in light of the above proposition
Describe why or why not a pure service industry : Describe why or why not a pure service industry (e.g. accounting or law firms) may or may not be able to implement this type of technique.
Why would captain mueller and his copilot sit in darkness : Why would Captain Mueller and his copilot sit in darkness before taking off on a night flight? What cues might Captain Mueller have used to determine that the mysterious object was much closer to his aircraft than any light source on the ground?
Name two customer related attribute variables : Name two customer-related attribute variables that a newly opened department store might find informative to study.
Excise tax imposed on firms in a competitive industry : Show the short-run impact of a $2 per unit excise tax imposed on firms in a competitive industry. (Assume the industry is in equilibrium before the tax was imposed.)
Prepare acquisition analysis and the consolidation entries : Prepare the consolidation journal entries to account for Cricket Ltd's investment in Charlie Ltd for the year ended 30 June 2017 in accordance with AASB 128, assuming that Cricket Ltd does prepare consolidated financial statements. Show all workin..
Determine the increase or decrease in retained earnings : Prepare an unadjusted trial balance as of August 31, 2016.- Determine the increase or decrease in retained earnings for August.
Explain the importance of situating a society cultural : Explain the importance of situating a society's cultural and artistic expressions within a historical context. Examine the influences of intellectual, religious, political, and socio-economic forces on social, cultural, and artistic expressions.
Market for buicks in the context of demand : In January 2014 the price of a 2014 Buick was $20,000 and 50,000 units were sold. At October 2014, the price of a 2014 Buick dropped to $18,000 and 60,000 units were sold.  Identify what has happened in the market for Buicks in the context of deman..

Reviews

Write a Review

Business Management Questions & Answers

  Improving decision making powerpoint presentation

Provide an overview focusing on what other managers, who make similar types of decisions, can learn from your analysis so they can become better decision makers.

  Explain why is extensive research necessary for an accurate

Explain how necessary is it to fine-tune your Marketing Plan so that your target market is clearly defined and measurable? Explain why is extensive research necessary for an accurate definition of a target market?

  Comparing actual performance against plan

A project control system allows for comparing actual performance against plan to identify deviations; however, the system doesn't impact the quality of communication between stakeholders.

  Why was it profitable for gm and ford to integrate backward

Why was it profitable for GM and Ford to integrate backward into component-parts manufacturing in the past, and why are both companies now buying more of their parts from outside suppliers?

  Human resources play a significant role with a variation

Human Resources play a significant role with a variation of functions. Human resources managers frame the workforce scheme and also regulate the functional developments essential to encounter organizational goalmouths. Their job entails proficiency a..

  Cutoff from the previous part

Using the new cutoff from the previous part, what is the probability that they will decide to have the machines recalibrated if the truth is that µ= 11.9?

  High turnover rates

Why do you think that retail companies are paticularly prone to high turnover rates?

  Describe what challenges the selected organization may face

Answer the following questions, using your own organization or one with which you are familiar. Identify the three categories of improvements (cycle-time, quality, and cost) that may be applied to an organizational process. Address the following : De..

  Project market feasibility

Project: Market Feasibility

  International business perspective

Watch the video Michael Porter: Why business can be good at solving social problems? And answer the following 2 questions.

  Comparison of the traditional business type

We will focus on a comparison of the traditional business type (brick-and-mortar stores) versus the internet business type (e-commerce). Discuss the pros and cons of these two business types

  Example of target segment

Describe a primary decision maker in example of target segment: who they are, what they like, how they make buying decisions. Describe the primary problem(s) your organization, product or service will help them solve.

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