User Account

All Pages

Government is considering the imposition

Assignment Help Business Economics
Reference no: EM13150492 , Length: 349 words

Suppose the government is considering the imposition of a unit tax to be levied on beer producers. The view of companies is that this is just one more cost for them to bear. Consumers disagree saying that the companies pass the taxes on to them in terms of higher prices.
(a) Given that the demand for beer is inelastic, which viewpoint is correct? 
(b) Would the burden of the tax be any different if the government levied the
tax on consumers (over the counter) rather than on beer producers?

Reference no: EM13150492

Questions Cloud

Taxpayer basis for the acquired stock : Jenny received nontaxable stock rights on June 9, 2009. She allocated $3,800 of the $20,000 basis for the associated stock to the stock rights. The stock rights are exercised on October 12, 2009. The exercise price for the stock is $11,000. What i..
Define the differences between muslims and arabs : Accurately define the differences between Muslims and Arabs, giving examples of the geographic locations of concentrated populations of both in the United States and in the Middle East.
Basics related to receipt of the common stock dividend : What is the total basis of the Apple Corporation stock, the per share basis, and gain recognized upon receipt of the common stock dividend?
Explain how the lack of an ongoing accounts payable system : Explain how the lack of an ongoing accounts payable system will affect the auditor tests for the purchases and payables cycle. Your answer should also identify assertions and account balances affected.
Government is considering the imposition : Suppose the government is considering the imposition of a unit tax to be levied on beer producers. The view of companies is that this is just one more cost for them to bear.
Explain what would the rate constant be at temperature : what would the rate constant be at a temperature of 150C for the same reaction described in Part A?
What are four of the five unifying themes of biology : Name four examples of compounds which are classified as carbohydrates.
How would these cities change their size : how would these cities change their size? Assuming that the total population of 13 million cannot be changed, would there be a smaller and a larger city?
Find probability that group of nine graduates have average : Find the probability that a) an individual graduate will have a salary over $45000 and b) A group of nine graduates will have a group average over $45000.

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate that both can better off if they each specialize

Suppose that both countries are currently producing three pairs of boots and three shirts. Elucidate that both can be better off if they each specialize in producing one good and then engage in trade.

  Is there dominant strategy equilibrium for this auction

Each potential bidder writes down a bid on a piece of paper. buyer with highest bid gets item and has to pay third highest bid. Is there dominant strategy equilibrium for this auction. Make sure you exhaust all possibilities.

  Explain price elasticity-income elasticity and cross demand

Explain price elasticity, income elasticity and cross elasticity of demand. Assess relevance of price elasticity of demand, income elasticity of demand and cross elasticity of demand to a magazine publisher.

  How tax will increase goverment revenue

The legislature has stated that the $.03 tax will increase goverment revenue by $300,000 per month and raise the price of gasoline by $.03 per gallon. is this correct.

  What happens to in short run

Show long run effect on In Phillips curve diagram. If expectations are rational and increase in money growth is announced, what happens to In short run.

  Determining fluctuations in aggregate spending

Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.

  Importance to use price index adjustments

How do the GDP per capita change after accounting for price indices. Why is it important to use price index adjustments.

  Possible beneficial externalities from college education

Based on the possible beneficial externalities from college education dispute for whether or not a case exists for public funding of college education.

  Commercial banking industry in canada is less competitive

The commercial banking industry in Canada is less competitive than the commercial banking industry in the united states

  Elucidate the equilibrium price and equilibrium quantity

Elucidate the equilibrium price and equilibrium quantity. Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price.

  Illustrate equilibrium level of aggregate expenditure

Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.

  What will happen to price paid by us consumers

What will happen to price at which fisherman can sell lobsters. What will happen to price paid by U.S. consumers. What will happen to quantity consumed by U.S consumers.

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