Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
(Suppose the legislature is considering increasing the tax on cigarettes to 50¢ per pack. Assume the current price of a pack of cigarettes is $4.00 and that the state sells five million packs per year. The estimated short-run elasticity of demand for cigarettes at the current price and quantity is 0.4. The long-run elasticity of demand (one year or longer) is 0.75.)
Calculate and explain how much additional revenue the government can expect to receive in the first year (assuming there is no growth in the number of people smoking). How much will smoking be reduced by?
Calculate and explain how much additional revenue the government can expect to receive in the second year (assuming there is no growth in the number of people smoking). How much will smoking be reduced by?
What are the advantages and disadvantages of biofuels in terms of addressing the challenge of sustainable development?
Elijah and Anastasia are husband and wife who have five married children and nine minor grandchildren. For 2015, what is the maximum amount they can give to their family (including the sons- and daughters-in-law) without using any of their unified tr..
Assume that Lexar and Corsair act as perfectly competitive firms and that Chinesegoods flow freely into the United States. Draw the aggregate (e.g. including all firms)supply curve for this industry in the space below. What is the market clearing ..
1) Which economic law is applied for this transaction (trade)? 2) What is the new commodity bundle for Mike and Abdul after trade?
You work for the children's division at Harley Davidson which produces a booster seat for infant motorcycle passengers ("Living High on the Hog!"). You've colle
A mechanical engineer must recommend an A/C system to a commercial building owner. The owner intends to own the building for at least 10 years. Using a rate of return of 9%, determine the present worth index of the incremental investment up to the ch..
q1. jaes building a corporation which follows short-run cost functionq3 - 10q2 36q.a. illustrate what is the level of
For utility maximization, consumers will purchase different consumption bundles until their marginal utility per dollar are equal. So, when the marginal utility of beef is 10 at price of $5 per lb and the marginal utility of chicken is 8 at price of ..
Even though economic growth is occurring in sub-Saharan Africa, explain two strategies that should be used to enhance the likelihood that economic growth spreads evenly to the masses within Sub-Saharan Africa.
A press release is a story that will be interesting to the readers. Identify a current event that has taken place in the last six months, and calls for a press release. Then, write a press release that incorporates your knowledge of the audience and ..
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Calculate the RMSE and MAD for years 2 through 18. On the basis of these measures and what you see in the plot, what do you think of your forecast? Explain.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd