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Many governments around the world have implemented heavy taxes on cigarettes and other tobacco products in order to reduce the number of smokers. Critically evaluate the effectiveness of this policy. The following should be your focus:
1) Explain how a tax could reduce the sales of cigarettes.
2) Explain whether the demand for cigarettes is elastic or inelastic.
3) Compare the tax to alternative policies such as a price floor or education campaign.
4) Critically evaluate the effectiveness of the cigarette tax as a policy in reducing the number of smokers.
AB pays taxes at the 34% marginal rate and has an interest rate of 12%. MACRS depreciation is used for all capital purchases.
You are the superintendent of Mt. Rossmoor Community College (MRCC). Mt. Rossmoor Community College is the fifth fastest growing community college in the nation. Should the college significantly increase fees per unit, or maintain current fee levels ..
hebron and stack discuss the fragmentation of nations - the rise of smaller units within a nation. while this is
What are the necessary conditions for this type of a market structure to exist. Please give an example of this type of market structure.
Find a symmetric Nash equilibrium to this game. That is, what number is a best response to everyone else submitting the same number? Show that choosing the number 5 is a dominated strategy. What are all of the dominated strategies?
Patricia is researching venues for a restaurant business. She is evaluating three major attributes that she considers important in her choice: taste, location, and price. The value she places on each attribute, however, differs according to what t..
Machine X will produce cost savings of $6,000 per year for four years; machine Y will produce cost savings of $4,000 per year for six years. If the interest rate is 10% compounded annually, what are the savings for both of these machines in terms of ..
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You have just graduated and moved to this city; as a new MBA and an entrepreneur, you are considering entering the market for this product.
What is the Standard Deviation of the sampling distribution?
Many firms might like to be monopolies because such firms earn economic profits in the long run. What might cause a monopoly? A firm is likely to be a monopoly if
Suppose that a U.S. dollar buys more gold in Mexico than it buys in Japan. What does the law of one price imply will happen?
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