User Account

All Pages

Supply and demand for starbucks coffee on south campus

Assignment Help Business Management
Reference no: EM132642757

Draw a graph representing the supply and demand for Starbucks coffee on South Campus. Because many consumers "need" some form of caffeine throughout the day, make the demand curve more inelastic than the supply curve. Now suppose a tax is placed on Starbucks of $1 per caffeinated drink sold. Show the shift in the appropriate curve and label the four (4) areas of interest on the graph after the tax has been put in place. Lastly, assume the tax corresponds to 5,000 drinks being sold. How much tax revenue is generated from this tax and who bears the greater portion (incidence) of the tax?

I understand how to draw the graph, move the curve, and label the four areas of interest. I'm just a little confused on how to go about the last part: Lastly, assume the tax corresponds to 5,000 drinks being sold. How much tax revenue is generated from this tax and who bears the greater portion (incidence) of the tax?

Reference no: EM132642757

Questions Cloud

Provide a critical reflection : Provide a critical reflection of their personal learning process, as experienced during this unit - provide a critical reflection of their personal
What were the original goals of the imf : What were the original goals of the IMF, World Bank and the ITO (which became the GATT and the later the WTO) when they were created in 1944?
What is globalization : What is globalization? Describe each of the three elements of the process. What drives globalization?
Draw the solow transition diagram : 1. Draw the Solow transition diagram. Indicate the regions where ?Kt+1 0.
Supply and demand for starbucks coffee on south campus : Draw a graph representing the supply and demand for Starbucks coffee on South Campus. Because many consumers "need" some form of caffeine throughout
Defined benefit and defined contribution pension plan : What is the difference between a defined benefit and a defined contribution pension plan?
Evaluating public policy proposals : What are the challenges in evaluating public policy proposals? Explain.
What is the purpose of medicaid : What is the purpose of Medicaid? Choose one (1) Medicaid program to discuss in greater detail.
Explain your understanding about inflation : What's your understanding about Inflation? Find the inflation rate of two yearsusing the following information:

Reviews

Write a Review

Business Management Questions & Answers

  What are the different kinds of general model

What are the different kinds of general model for predicting long-run market share.

  Describe the four approaches to corporate strategy

Describe the four approaches to corporate strategy. In addition to their descriptions, discuss the differences and similarities between them.

  Candidates studying for the pmi-acp certification from pmi

Note: This book is among the required readings for candidates studying for the PMI-ACP certification from PMI. The PMI-ACP is the leading industry certification in Agile PM, along with the ScrumMaster certification.

  Expanding into the international market

Why organizations may choose one strategy over another when expanding into the international market?

  Email to another manager about their performance

Having to communicate via email to another manager about their performance in regards to not adhering to hotel policies and procedures

  What happened to productivity of us firms in 2007

Explain what happened to productivity of U.S. firms in 2007. Identify some of the steps that supervisors can take to improve their departments and productivity.

  Implementing a training and development program

Write a 2 to 3 page double spaced paper outlining the benefits to an organization by implementing a Training & Development program.

  Develop work breakdown structure from refine scope statement

Develop a work breakdown structure (WBS) from the refined scope statement. Best practices to finish a project on time, on budget. How to develop a project network? What are the Hammock Activities

  Critical thinking impact on decision process

Discuss and explain what critical thinking is and its impact on decision process and consider of your experience and reflect about what characteristics critical thinkers shown,

  What is your takeaway regarding leadership

BSMGT- After watching the videos , what is your takeaway regarding leadership? Did you learn anything new? What is the difference between a manager and a leader?

  How do you think his values and attitudes would impact

Would you like to work with a manager like Goldhirsh? Explain why? Explain how do you think his values and attitudes would impact your day-to-day feelings about work?

  Explain the nature and purpose of a risk matrix

Explain the nature and purpose of a Risk Matrix and how it can be used to determine unacceptable risks and risk priorities and mitigation strategies.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd