What nonmonetary costs might be associated with gambling

Assignment Help Econometrics
Reference no: EM131309341

A question facing many U.S. states is whether to allow casino gambling. States with casino gambling have seen a substantial increase in tax revenue flowing to state government. This revenue can be used to finance schools, repair roads, maintain social programs, or reduce other taxes.

a. Recall that efficiency means producing what people want at the least cost. Can you make an efficiency argument in favor of allowing casinos to operate?

b. What nonmonetary costs might be associated with gambling? Would these costs have an impact on the efficiency argument you presented in part a?

c. Using the concept of equity, argue for or against the legalization of casino gambling.

Reference no: EM131309341

Questions Cloud

Evidence of diminishing marginal productivity inaction : Provide an evidence of diminishing marginal productivity inaction from your workplace or organization that you are familiar with. Might diminishing marginal productivity affect the costs of your business? Discuss this in your answer. Please make i..
Discuss how social and intimate relationships evolve : Discuss how social and intimate relationships evolve and change during early and middle adulthood.Identify various role changes that occur during early and middle adulthood.Examine the immediate and future impact of healthy and unhealthy habits pract..
Describe two types of utility programs : Describe two types of utility programs (2-3 sentences each). Research two separate types of healthcare application software that perform the same job.
Write a simple and compound and a complex sentence : Write a simple, a compound, and a complex sentence that incorporates both items of information in each bullet. For the complex sentences, emphasize the first idea in each item.
What nonmonetary costs might be associated with gambling : Recall that efficiency means producing what people want at the least cost. Can you make an efficiency argument in favor of allowing casinos to operate?
Describes treatment options based on theoretical models : Describes treatment options based on theoretical models and current research,Explains the behavioral criteria,Discusses potential causes and incidence rates,Speaker notes included on the slides.
Rewrite the given paragraph by varying sentence : Practice sentence variety:- Rewrite the following paragraph by varying sentence types and sentence lengths to keep the writing interesting.
Great recession that followed : Many people (economists included) blamed Alan Greenspan for the financial crisis and the Great Recession that followed. Describe two mistakes that many people believe Greenspan made.
Describe at least five needed internal control improvements : Describe at least five needed internal control improvements. What makes point-of-sale systems different from revenue cycles of manufacturing firms? Give three examples of Access Control in a Point-of-Sale (POS) system.

Reviews

Write a Review

Econometrics Questions & Answers

  Find the overhead and the marginal cost of a figurine

A manufacturer of small glass figurines discovers that it costs $1,800 for a production run of 1000 and $2200 for a production run of 1500. Assuming that cost is a linear function of number of items, find the overhead and the marginal cost of a fi..

  Explain what effect will be on mapcos sales

The economic analysis division of Mapco Industries has estimated the demand function for its lone of weed trimmers to be : Qd=18,000+0.4N-350Pm+90Ps where N=number of new homes completed in the primary market area Pm=price of the mapco trimmer.

  Determine what was the total amount of financing

Nucor Corp manufactures generator coolers for nuclear and gass turbine power plants. The company completed a plant expansion through financing that had a debt/equity mix of 40-60. If %15 million came from mortgages and bond sales, what was the to..

  Which market do you expect will be more lucrative for moots

what economic factors should Moots consider to make its decision? Which market do you expect will be more lucrative for Moots? Why?

  Who purchased the cheaper car willing to accept to save

Assume that a new car hits that market that has been shown to have a lower risk of fatal accident. In particular, 1/5000 cars is expected to result in fatal accident. The risk of fatal accident for the same car without the new safety features is 1..

  Address these new industry practice

What types of medical interventions are permissible for preventable behaviors and conditions triggered by voluntary lifestyle choices made on a day-to-day basis?

  What is the empirical evidence

What is the empirical evidence? What does Card argue is correct? What does Borjas argue is correct?

  Estimate the operating expenses including taxes

You estimate the operating expenses, including taxes, will be $45,000 for the first year and that they will increase by $3000 each year thereafter. You also estimate that razing the building and selling the lot on which stands will realize a net a..

  What is the utilization rate of this service system

What is the average time that each customer spends from the time they get on line until after they have received the service (in minutes)?

  Determine what total profit would the monopolist make

A market contains two types of consumers, green and yellow. Each green consumer has a demand of P = 20-Q. Each yellow consumer has a demand of P=16-Q. These are individual demand curves. The monopolist who sells to these individuals has a MC

  How many tons of steel do the residents of indiana prefer

East Chicago is a major production center of steel in the United States. In the process of producing steel, the firms in this are emit pollution both into the air and into the water which adversely affect Indiana residents. The EPA has determined ..

  Does the price ceiling result in a deadweight loss

ind the consumer surplus and producer surplus under the price ceiling, assuming that the rationing of the scarce good is as inefficient as possible. What is the net economic benefit in this case? Does the price ceiling result in a deadweight loss?..

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