What would be a good thing for the government to tax

Assignment Help Microeconomics
Reference no: EM133202987

Assignment:

What would be a "good" thing for the government to tax? This is a hard question, so please think about it? Some things to keep in mind:

1. Demand for the product can't be too elastic or people will stop buying the product instead of paying the tax.

2. The government tries to make taxes "fair" - they don't want them to disproportionately impact people with lower incomes. This is why they don't tax food at the grocery store, diapers, feminine products, etc.

Reference no: EM133202987

Questions Cloud

How would you use each of these for your product launch : What will your final promotional mix look like? How would you use each of these for your product launch?
What crimes might the district attorney allege : A new ice cream shop opens in Blue Bell, PA named "Get the Scoop!" ("Scoop"). One day Talia was in a rush to get to class at Montgomery County Community College
Job evaluation system for a small family-owned business : P5452 Human Resources Management - why do you recommendations differ and Recommend a job evaluation system for a small family-owned business with six job titles
Why you purchased stock B- Microsoft : Carefully research each company and formulate a well-planned and thought out answer. Why you purchased stock B- Microsoft
What would be a good thing for the government to tax : What would be a "good" thing for the government to tax? This is a hard question, so please think about it ? Some things to keep in mind:
Determine the wage rate and the quantity of labor : In a competitive labor market, the demand for and supply of labor determine the equilibrium wage rate and the equilibrium level of employment.
Why do you think james has been having safety problems : Why do you think James has been having safety problems? Which of the suggestions given to James would you attempt to implement?
Determine the wage rate and the quantity of labor : In a competitive labor market, the demand for and supply of labor determine the equilibrium wage rate and the equilibrium level of employment.
Analyze the market covering the socio cultural environment : Analyze the market covering the socio cultural environment and other important elements of the sector.

Reviews

Write a Review

Microeconomics Questions & Answers

  Determine linear combination of chickens and potatoes

If she apportions some resources to each, then she can produce any linear combination of chickens and potatoes that lies between those extreme points. If James devotes all his resources to growing potatoes, he can raise 80 pounds of potatoes per y..

  Description of literature survey

A brief description of any general findings of the literature survey (i.e. any common themes in the published literature with respect to their approaches).

  What is the efficient amount of air quality

Consider an air basin with only two consumer, Huck and Matilda. Suppose Huck's demand for air quality is given by q_h=1-p where p is Huck's marginal.

  In economy of ukzten in 2010 consumption was 60 of gdp

in the economy of ukzten in 2010 consumption was 60 of gdp government purchases were 212 imports were 67 and 67 of the

  What is the optimal bundle of contingent claims

A risk averse person with a von-Neumann-Morgenstern utility index of: U = ln(Y) has a 20% chance that a disaster will reduce her regular income of $100,000.

  Compute his marginal cost and average cost of cutting lawns

Edward the entrepreneur takes two hours to cut a lawn, and he cuts 1,000 lawns per year, he use solar powered equipment thw will last forever and can be sold for $20000. the interest rate is 10 perent given his current output level, compute his margi..

  Solve problem of the wall street journal

The following article appeared on the front page of the Wall Street Journal on April 17, 1998: The public, by 79% to 17%, favors raising the minimum hourly.

  17 assume a certain firm in a competitive market is

17. assume a certain firm in a competitive market is producing q 1000 units of output. at q 1000 the firms marginal

  The absolute value of the elasticity of demand

Suppose that the market for gnomes is yet to reach equilibrium, and that the current price and quantity in the market for gnomes.

  How the following factors may contribute to the difficulty

Please explain how the following factors may contribute to the difficulty of forming and/or maintaining OPEC's price and output agreements?

  What is the per unit inventory cost for a product

A manufacturing company producing medical devices reported $60,000,000 in sales over the last year. Atthe end of the same year, the company had $20,000,000.

  Who has the absolute advantage in typing

Wade and Marti are thinking about swapping services. If Wade works one hour he can type two pages of a report or clean and gap four spark plugs. Marti, working.

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