Excise tax imposed on firms in a competitive industry

Assignment Help Business Management
Reference no: EM131195078

Show the short-run impact of a $2 per unit excise tax imposed on firms in a competitive industry. (Assume the industry is in equilibrium before the tax was imposed.)

How would the long-run results differ? What is the impact on efficiency of the tax?

Reference no: EM131195078

Questions Cloud

Compare garavan and mccracken and wallace models : Compare and contrast Garavan's (1991) and McCracken and Wallace's (2000) models of Strategic SHRD and discuss how these can influence the future direction of the organisation in light of the above proposition
Describe why or why not a pure service industry : Describe why or why not a pure service industry (e.g. accounting or law firms) may or may not be able to implement this type of technique.
Why would captain mueller and his copilot sit in darkness : Why would Captain Mueller and his copilot sit in darkness before taking off on a night flight? What cues might Captain Mueller have used to determine that the mysterious object was much closer to his aircraft than any light source on the ground?
Name two customer related attribute variables : Name two customer-related attribute variables that a newly opened department store might find informative to study.
Excise tax imposed on firms in a competitive industry : Show the short-run impact of a $2 per unit excise tax imposed on firms in a competitive industry. (Assume the industry is in equilibrium before the tax was imposed.)
Prepare acquisition analysis and the consolidation entries : Prepare the consolidation journal entries to account for Cricket Ltd's investment in Charlie Ltd for the year ended 30 June 2017 in accordance with AASB 128, assuming that Cricket Ltd does prepare consolidated financial statements. Show all workin..
Determine the increase or decrease in retained earnings : Prepare an unadjusted trial balance as of August 31, 2016.- Determine the increase or decrease in retained earnings for August.
Explain the importance of situating a society cultural : Explain the importance of situating a society's cultural and artistic expressions within a historical context. Examine the influences of intellectual, religious, political, and socio-economic forces on social, cultural, and artistic expressions.
Market for buicks in the context of demand : In January 2014 the price of a 2014 Buick was $20,000 and 50,000 units were sold. At October 2014, the price of a 2014 Buick dropped to $18,000 and 60,000 units were sold.  Identify what has happened in the market for Buicks in the context of deman..

Reviews

Write a Review

Business Management Questions & Answers

  Define how this strategy helps klimpton make supplier

Define how this strategy helps Klimpton make supplier channel decisions as well as manage the waste from its hotel and restaurant operations.

  Differences with social rights and political rights

Explain what are some similarities and differences with social rights and political rights and Can you provide some issues from the news that exemplifies human

  What are the drawbacks in each view

Consider your most recent employer and determine what view is most useful to your company and why.

  Marginal costs that characterize both plants

The manager of a two plant firm needs to decide how much to produce in each plant. According to an economist the demand curve for the firm's product was estimated to be P = 78 - 15Q, Q is equal to the output in plan 1 plus output in plant 2 such t..

  Main components of financial analysis

What are the main components of ‘Financial Analysis' while working out the Detail Project Report? Why ‘Margin Money' for working capital is required to be provided as ‘Initial Investment' for the first year of operation?

  Show political behaviour in organizational settings

Show political Behaviour in Organizational Settings - Consider the assertion Political behavior is inevitable in organizational settings

  How can be a conflict between personal beliefs or opinions

Your submission should be no longer than half a page single spaced also should be written using full sentences.

  Illustrate what strategic initiative would you recommend

Select a public organization of your choice and run a PESTS analysis. Based on your analysis, illustrate what strategic initiative would you recommend.

  Structured written narrative for a policy issue paper

From the case study, Case 9:1, highlight two key components a structured written narrative for a policy issue paper or policy memo. Then propose at least two benefits of developing a policy argument in this way. Provide an example to support your ..

  What are maximum profit and the corresponding buy levels

What are the maximum profit and the corresponding make/buy levels?- Compare the maximum profit in (a) to the maximum profit achievable without integer constraints.

  Probability of a growing economy

The firm believes the probability of a growing economy is 0.66. The firm may set the price after they know the state of the economy. What is the expected value? Round your answer to one decimal.

  Acquisitions for technical advancement

We have discussed building capabilities. Are there differences in the capabilities needed between an innovative firm and a firm that builds alliances and makes acquisitions for technical advancement? Explain.

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