Cause low deadweight loss

Assignment Help Business Economics
Reference no: EM131089549

Suppose your mayor has asked you to come up with an excise tax that will be as efficient as possible. Choose a good to be taxed and explain why it will cause a low deadweight loss.

Reference no: EM131089549

Questions Cloud

Manner of evaluating fiscal growth : What is described as the most efficient manner of evaluating fiscal growth?
Playing illegal and violent fantasies in a virtual world : Can role playing illegal and violent fantasies in a virtual world affect individuals and society in the real world? What are the social and ethical implications of such role playing? Should limits be placed on what players can do in virtual world..
Trading desk use to hit the target federal funds rate : To hit the target federal funds rate given in the FOMC‘s policy directive, Does the manager of the Trading Desk adjust demand for reserves, the supply of reserves, or both? What monetary policy tool does the manager of the Trading Desk use to hit the..
Demand and supply curve-determine equilibrium price-quantity : Suppose the demand and supply of chickens is given by: Graph the demand and supply curves and determine the equilibrium price and quantity. Suppose a quota of 4000 chickens in imposed. What will be the new equilibrium price? What is the loss to consu..
Cause low deadweight loss : Suppose your mayor has asked you to come up with an excise tax that will be as efficient as possible. Choose a good to be taxed and explain why it will cause a low deadweight loss.
What is the currency used by the japan : The US basically uses dollar as its currency form. What is the currency used by the Japan?
Prepare appropriate summary statistics on each variable : BUS201 Assignment. Descriptive analysis, Prepare appropriate summary statistics on each variable and comment on each of these. Also look at the histograms and the separate line plots for each company. Comment
Consumers distributed uniformly around the circle : Suppose there are 8 firms located equidistantly around a circle whose circumference is equal to 1. There are 400 consumers distributed uniformly around the circle. Each consumer gets utility U = 3.5 from buying a unit of the good from a firm which se..
Which government is right for you : "Which government is right for you?" Perhaps a better way of saying it is this: would you like a caretaker type of government who looks out for you or would you like a hands-off type of government that basically let's you make your own decisions? For..

Reviews

Write a Review

Business Economics Questions & Answers

  What are the characteristics that make company different

It is important for companies to differentiate their services or products in the market place. This differentiation sometimes leads to building a core competency. which we will explore in the following individual assignment.

  Explain which of the transactions would be directly counted

Explain which of the following transactions would be directly counted in 2015’s GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export. If the transaction is not included in 2015’s G..

  Elucidate the derived storage function and carefully explain

Graphically elucidate the derived storage function and carefully explain and show how you determined the location of the two intercepts of the function.

  Work on the laissez-faire

Trace the evolution of work on the laissez-faire doctrine through two arcs. First those theorists who are trying to prove that the system is stable.

  Explain paper currency serve the functions of money

Paper currency is the most easily recognized form of money. How well does paper currency serve the functions of money if we have an inflation rate of 50-percent per year?

  Qcalculate the income elasticity of demand for product x

q.calculate the income elasticity of demand for product x when i 30. explain how could we categorize product x? do you

  Optimization problem-what are the optimality conditions

Elle preferences over apples (A) and bananas (B) are represented by the Cobb-Douglas utility function; What are the optimality conditions? Explain.  Derive her individual demand curves for apples and bananas as functions of the prices and income.

  Maintains the disequilibrium fixed exchange rate

If the Japanese central bank maintains the disequilibrium fixed exchange rate of 150 yen per U.S. dollar, what happens to Japan's foreign reserves?

  Variables contained in the harrod-domar growth model

After reading about the Solow growth model, which concludes that continued economic growth requires continual innovation, and Schumpeter’s dynamic growth model, does the combination of these two models provide an adequate model of technological chang..

  Is the household better off or worse off with the higher

Now suppose that the interest rate falls to 50 percent, and the household decide not to borrow or lend at all. Is the household better off or worse off with the higher interest rate?

  Corporate cause promotion and cause-related marketing

What are the major differences between corporate cause promotion and cause-related marketing? Explain the major differences between the two different initiatives.

  What is the basis of the concept of human development

What are the key limitations of per capita national income as a concept of well-being? Explain the nature of limitation in each case. Which of these limitations can be adjusted for? Are they in fact adjusted?  What is the basis of the concept of huma..

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