Why are these goals in conflict with each other

Assignment Help Microeconomics
Reference no: EM13182382

When an excise tax is imposed on a commodity in order to raise revenue for the government or in in order to raise the consumption of the good, then why are these goals in conflict with each other?

Reference no: EM13182382

Questions Cloud

Create and maintain accounting records with peachtree : Create and maintain accounting records with Peachtree - generate financial reports for most small- to medium-sized businesses with Peachtree.
Explain different ways to make methyl propionate : Show two different ways to make methyl propionate, using methanol, propionic acid and other necessary reagents The methanol and propionic acid do not have to both be used in the first step.
Explain different ways to make methyl propionate : Show two different ways to make methyl propionate, using methanol, propionic acid and other necessary reagents The methanol and propionic acid do not have to both be used in the first step.
Evaluate the break-even point in total sales dollars : Compute the break-even point in total sales dollars and in units for 2014 and paul was a marketing major in college. He believes that sales volume can be increased only by intensive advertising and promotional campaigns.
Why are these goals in conflict with each other : When an excise tax is imposed on a commodity in order to raise revenue for the government or in in order to raise the consumption of the good, then why are these goals in conflict with each other?
State n-methylpropionamide using propionic acid : Show how to make N-methylpropionamide using propionic acid and methylamine and other necessary reagents. The methylamine and propionic acid do not both have to be used in the first step.
Determine which of the goals is likely to be most fully met : If an excise tax is imposed on a commodity in order to raise revenue for the government or to reduce the consumption of the good, then what is the relevance of the price elasticity of demand in determining which of the goals is likely to be most ..
Nylon undergoes depolymerization when heated in aqueous acid : Nylon undergoes depolymerization when heated in aqueous acid. Propose a reaction mechanism that accounts for this fact, using curved arrows to symbolize the flow of electrons.
Find the hicks-compensated demand function : find the Hicks-compensated demand function of the following utility function: u(x1,x2) = x1.x2 + x1 I have found Marshall demand function, but I doubt how I find the Hicks-compensated. Is there anyone who can help me with that?

Reviews

Write a Review

Microeconomics Questions & Answers

  Implication of demand of law

Your are the chief economic advisor to the King of Terra. The king has observed that while the price of energy has increased 20 percent over the past five years, consumers have actually increased their energy consumption by 10 percent over the sam..

  Keynesian short run aggregate supply curve

Assume that the Keynesian short run aggregate supply curve is applicable to a country's economy. Construct appropriate diagrams to assist in answering the following questions:

  Define the production function specified

Using the equation in (c) show that if the capital/labor ratio K/L is a constant k, the elasticity of output with respect to labor is b + c. (e) Why are relationships expressed like those in (c) important for doing econometrics? (f) Show that the ..

  How consumption will become more or less sensitive

Unfortunately banks are reluctant to make loans to people who currently have low incomes, even if there is a good chance their incomes will be higher in the future. If people could always borrow as much as they want to, would you expect consumpti..

  How much cloth and food will the economy produce

How much cloth and food will the economy produce after this increase in its capital supply? F. Describe how the allocation of machine-hours and work-hours between the cloth and food sectors changes. Do those changes confirm with the changes descri..

  Why consumers respond to buy one get one half off

Why do you think consumers respond to the "Buy One Get One Half Off" sales promotion and what principle of economics does this behavior reflect?

  Long-run aggregate supply curve

The long-run aggregate supply curve is vertical at economy's potential output level. Why is the long-run aggregate supply curve situated at his level of output rather than below or above the potential output level?

  Socially efficient price-units of output-profits

Find out the socially efficient price, units of output and profits? How much output would a monopoly produce? Find out the price and profits of the monopolist?

  Profit maximization level

If a competitive firm is currently producing a level of output at which profit is not maximized, then it must be true that marginal revenue exceeds marginal cost.

  What was dianes economic profit

Highest average fixed cost at which the firm can produce any given level of outputd. lowest marginal cost at which the firm can produce any given level of output

  Calculate the present discounted value

Calculate the present discounted value of each career path at a discount rate of 5% and at a discount rate of 15%.

  Comparing the size of economies to the gdp of the us

What specific standard is applied to a firm whose only contact with a forum state is through its Internet site? If you had an eBusiness, what could you do in order to limit your liability to suit in multiple jurisdictions?

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