What are some of the secondary effect of this tax

Assignment Help Business Economics
Reference no: EM13833553

The tax on cigarettes in New York City is the highest in the nation- $5.85 per pack. Does this tax raise a lot of revenue for New York City? Why or why not? What are some of the secondary effect of this tax?

Reference no: EM13833553

Questions Cloud

Distinguish between the two types by observation : The Soup Nut serves his signature minestrone soup in two different bowl sizes, large and small. What strategy should he use to extract the most surplus possible out of customers who come in two types, regular and big eaters, when he cannot distinguis..
What is the average velocity of the ball : A lead ball is dropped into a lake from a diving board 5.08m above the water. It hits the water with a certain velocity and then sinks to the bottom with this same constant velocity. It reaches the bottom 4.72s after it is dropped ( Assume the positi..
What is the bonds modified duration : A bond has a Macaulay duration of 5.5 a yield to maturity of 6.1 percent, a coupon rate of 7.0 percent, and semi annual interest payments. What is the bond's modified duration?
What is meant by the incidence of a tax : What is meant by the incidence of a tax? Explain why the statutory and actual incidence of a tax often differs.
What are some of the secondary effect of this tax : The tax on cigarettes in New York City is the highest in the nation- $5.85 per pack. Does this tax raise a lot of revenue for New York City? Why or why not? What are some of the secondary effect of this tax?
Example of speculative risk-noninsurance risk transfer : One of the elements of risk is uncertainty. Which one of the following best describes the type of uncertainty that risk involves? Risk can be classified as pure or speculative. Which one of the following is the best example of a speculative risk? Whi..
Examine the effects of supply and demand of milk : Examine the effects of supply and demand of milk. How do markets operate to bring this product into existence? Think about how these different markets work together to create a new product. How does that relationship affect supply and demand for the ..
Discuss issue from the perspective of the payer and recipien : 1. You are the tax consultant for a spouse in a divorce proceeding. Please discuss and compare alimony versus child support from a tax perspective. Please discuss this issue from the perspective of the payer and from the recipient. A tax client has t..

Reviews

Write a Review

Business Economics Questions & Answers

  Determine the nature of the return to scale as exhibited

Show whether or not the above production function exhibits diminishing marginal productivity of labor. Determine the nature of the Return to Scale as exhibited by the above production function.

  Employers should be able to replace permanent

"Consider the following statement: "Employers should be able to replace permanent workers during a strike." Do you agree? Explain why."

  Qthe market for water in urban areas in australia is often

q.the market for water in urban areas in australia is often dominated by one provider for example sydney water in the

  Providing entrepreneurial ability

how much are households paid for providing entrepreneurial ability.

  Discuss what a manufacturer of each product might

Discuss what a manufacturer of each product might do in the short run to increase production. Illustrate how does the long run differ for these products.

  How often should the employee be monitored

Under which circumstances do you think an employee should be monitored? Based on the circumstances you have identified, how often should the employee be monitored?

  Country initially has no restrictions on trade

Assume that the country initially has no restrictions on trade also then imposes an import quota

  Illustrate what will be monopoly cost

If industries collude, Illustrate what will be monopoly cost (optimal cost P*), total output of two industries (Q= q1 + q2) and total profits of two industries.

  What is the incidence of this tax on consumers and producers

The following equations represent the inverse supply and demand functions in the market for Good A:. QD and QS are the quantities demanded and supplied, respectively. Suppose the government imposes a tax of $6 per unit of Good A. What is the incidenc..

  Who in the ethiopian society has the most difficult time

Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the tw..

  What if you knew that in firm a the quantity of labor demand

What if you knew that in Firm A the quantity of labor demanded is 15,000 when the wage is $11 and 17,000 when the wage is $8.

  Illustrate the decision criteria do they use to reach

Which economic decision makers determine the demand for labor. What are their goals. Illustrate the decision criteria do they use to reach their goals.

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