What is the increase in the excise tax on alcohol

Assignment Help Microeconomics
Reference no: EM13175689

An increase in the excise tax on alcohol?

a)will have no effect on alcohol consumption

b)will generate minimal tax revenues for the federal government

c)couped with a uniform drinking age nationwide would save lives

d)will generate substantial revenues is demand is elastic

e) all of the above

Reference no: EM13175689

Questions Cloud

Explain inverse demand and supply functions : Consider a market characterized by the following inverse demand and supply functions: PX = 50 - 4QX and PX = 10 + 2QX. Compute the surplus producers receive when a $30 per unit price floor is imposed on the market.
Explain market demand and market supply : In a competitive market, the market demand is Qd = 400 - 5P and the market supply is Qs = 10P - 80. A price ceiling of $32 will result in a. a shortage of 80 units b. a shortage of 44 units
How to raise the equilibrium price : An excise tax of $1.00 per gallon of gasoline placed on the suppliers of gasoline in a market with downward sloping demand and upward sloping supply would raise the equilibrium price. a exactly $1.00 per gallon.
Explain lifetime medical costs of treating aids : he most recent studies of lifetime medical costs of treating AIDS? a)have shown a significant increase in the estimates due to earlier diagnosis b)have shown a significant increase due to the use of new drugs including protease inhibitors
What is the increase in the excise tax on alcohol : An increase in the excise tax on alcohol? a)will have no effect on alcohol consumption b)will generate minimal tax revenues for the federal government c)couped with a uniform drinking age nationwide would save lives
Explain rent-seeking behavior : Rent-seeking behavior results in a)increased economic activity by promoting efficiency b)lower economic acitivity by diverting resources to less-productive uses c)a more equitable distributionof income and wealth
Explain factor leading to rising health care costs in the us : What is the most important factor leading to rising health care costs in the United States since 1980? a)The increased use of expensive medical technology b)Teh aging U.S. Population
Explain what ph range would result in only mg : A solution contains 0.10 M Ca2+ and 0.10 M Mg2+. What pH range would result in only Mg(OH)2 precipitating? Ksp for Ca(OH)2 is 6.5 ´ 10-6 and for Mg(OH)2 is 7.1 ´ 10-12.
Find out the identity of the carbonate : To determine its identity, 0.150g of the unknown was dissolved using 10.00ml, 0.531 M HCl. Three drops of methyl orange was added to the solution and then titrated with 0.2440 M NaOH.

Reviews

Write a Review

Microeconomics Questions & Answers

  Calculate the profit maximizing output

)Determine the range of prices for which the firm earns a profit. 3) Calculate the profit maximizing output and the resulting profit when price is $101.

  Foundations of microeconomics

We make selections as customers every day. Opportunity cost is defined as a person's next best alternative or cost of what you give up when you make a choice.

  Describemonopoly-price cap regulation and the hhi

Which of the following is an example of a two-part tariff? Which of the following industries is most likely closest to achieving perfect price discrimination?

  Computing incremental profit

Calculate the incremental profit that south park would earn by customizing its instruments and marketing them directly to end users.

  Find all nash equilibria in pure strategies

Find all Nash equilibria in pure strategies and what is the Pareto Optimal outcome under collusion? Show that this outcome is not sustainable.

  Calculate the number of physicians

Calculate the number of physicians, per thousand population in Canada, from 2002 to 2005. What conclusions can be drawn about the physician coverage of Canada's opulation?

  Determining learning rate

A production lot of 25 units required 103.6 hours of effort. Accounting records show that first unit took seven hours. What was the learning rate?

  Identify the commodity of comparative advantage

State the commodity in which each country has absolute advantage and identify the commodity of comparative advantage for each country

  Practical problems in price theory

The problem in economics in price theory deals with deriving maximum marginal utility and marginal rate of substitution.

  Determining productivity gains

Suppose labor costs are 17.5% of revenue per vehicle for General Motors. In union negotiations throughout the late 1990s, GM attempted to cut its workforce to increase productivity.

  Provide a demand and supply graph for each industry

Students fascinated with your explanation and eager to learn more, ask about the shape of the demand and supply curve in each industry. Provide a demand and supply graph for each industry to explain. Label equilibrium price and quantity.

  Explain rent-seeking behavior

Rent-seeking behavior results in a)increased economic activity by promoting efficiency b)lower economic acitivity by diverting resources to less-productive uses c)a more equitable distributionof income and wealth

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