Knowledge of economic theory

Assignment Help Microeconomics
Reference no: EM13157524

A number of strategies have been put in place to reduce alcohol-related harm by reducing the average consumption of beer, wine and spirits across the population. These have included a legal minimum age for purchasing alcohol, restrictions on alcohol advertising and restrictions on sales promotion. " Use your knowledge of economic theory to describe how these policy responses were expected to reduce the health hazards of alcohol consumption in the community. (ensure you draw a diagram and explain it)

Reference no: EM13157524

Questions Cloud

Why do periphyton mats turn over at regular intervals : Why do periphyton mats turn over at regular intervals (every few weeks or months) even in the absence of external disturbances such as scour or herbivory?
Prepare the entry to record income tax : Prepare the entry to record income tax given the following information and show how the related liabilities would be displayed on the balance sheet
In several of the eeoc cases : In several of the EEOC cases, managers clearly stated that applicants were "too old" or they "wanted a younger person." What factors may make people feel comfortable stating or writing down such preferences
Taxable stock dividend basics : Judd Harrison owns 200 shares of stock in the Widget Company for which he paid 1600 in 1999. The board of directors of the company decided to pay a 10% stock dividend in April 2010, for which Judd received 20 shares of stock. Was this a taxable st..
Knowledge of economic theory : Knowledge of economic theory to describe how these policy responses were expected to reduce the health hazards of alcohol consumption in the community.
How many genetically different gametes can a homozygous : With stem lenght, how many genetically different gametes can a homozygous dominant (TT) plant and heterozygous (Tt) plant produce?
Create linear programming model used to make schedule : Formulate a linear programming model that can be used to develop a daily production schedule for the Buffalo and Dayton plants that will maximize daily production of ignition systems at Cleveland.
What was the pressure of the iodine gas : if iodine gas reacts with excess fluorine gas to produce 7.575 g of iodine penta fluoride gas, what was the pressure of the iodinee gas before reacting if it was kept in a 1.5L flask at 298 k
Problem regarding additional capital outlay : This would mean that in year six, the cash flow would be $800,000. However, it is also projected for Project B that in years three and four there will be an additional capital outlay of $100,000 for each year. Compute the NPV, IRR, Payback for bot..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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