Which will lead to the least amount of deadweight loss

Assignment Help Econometrics
Reference no: EM131431154

Which of the following do you think are good markets for the government to tax if the goal is to boost tax revenue? Which will lead to the least amount of deadweight loss? Why?

a. luxury yachts

b. alcohol

c. motor homes

d. cigarettes

e. gasoline

f. pizza

Reference no: EM131431154

Questions Cloud

What is steve’s total willingness to pay for five bags : If the actual market price of potato chips is $2.50, and Steve buys five bags as shown, what is the value of his consumer surplus?
What will be the new number of vanity plates sold per week : How soon will the area have enough demand to support a fifth Starbucks? Where do I find estimates of elasticities of demand? What will be the new number of vanity plates sold per week? ______ plates.
Benefits of using a six sigma methodology : Explain the steps and benefits of using a Six Sigma Methodology in a Decision Making Process. Demonstrate your thought using an example of the development of a project.
Demand for disposable razors : Demand for disposable razors at Chevere Drugs Store (CDS) averages seven packages per day. The razors cost CDS $0.80 per package and sell for $1.49. CDS uses a 15% annual holding cost rate, based on the unit cost, and estimated the cost to place an o..
Which will lead to the least amount of deadweight loss : Which of the following do you think are good markets for the government to tax if the goal is to boost tax revenue? Which will lead to the least amount of deadweight loss? Why?
Prevention of serious life-threatening condition : What are the treatments to reverse the cause of stress fractures? Discuss your thoughts or comments on the prevention of this serious life-threatening condition.
Supply chain in terms of product life cycle : Discuss the potential for a reverse logistics model to optimize the supply chain in terms of product life cycle. In other words, are there elements of the supply chain that could be reduced or eliminated (resulting in overall cost savings) by impleme..
Describe the fertilization process : You are asked to describe the fertilization process. Explain how the sperm travels from the testes and arrives at the fallopian tube in time to meet the ova.
Predict the size of the resulting apartment shortage : If the government imposes a price ceiling of $800 on this market, predict the size of the resulting apartment shortage.

Reviews

Write a Review

Econometrics Questions & Answers

  Is pledging 50 dollars a dominated strategy for you

Recall the espresso machinecontribution game discussed in class. You and your roommate may by an espresso machine for $50. Your value for havingthe espresso machine is $40 and your value for not having it is zero.

  Does better health also help spur successful development

Wealthier societies are also healthier ones because they h

  What is the equilibrium of this scheme

A worker will be paid $3,000 if she gets at least 40 answers right and $2,500 otherwise. For either type, an hour of studying is as bad as giving up $20 income. What is the equilibrium of this scheme?

  What is the inflation premium

Suppose that the nominal rate of interest is 4 percent and the inflation premium is 2 percent. What is the real interest rate Alternatively, assume that the real interest rate is 1 percent and the nominal interest rate is 6 percent.

  Calculate the final market value of the flour

Consider the following data for the selling price at each stage in the production of a 5-pound bag of flour sold by your local grocer. Calculate the final market value of the flour.

  Develop a patented process for producing scruffs

If the industry producing Scruffs is purely competitive, what is the maximum benefit that an inventor of a process that will reduce the cost of producing Scruffs by $5 per unit can expect to receive by licensing her invention to the firms in the i..

  What would a carpenter do in a similar situation

Suppose, as an economist, you are asked to analyze an issue unlike anything you have ever done before. Also, suppose you do not have a specific model for analyzing that issue. What should you do? Hint: What would a carpenter do in a similar situat..

  What determines by how much starbucks will raise its price

Suppose that the government imposes a $2 a cup tax on coffee. What determines by how much Starbucks will raise its price? How will the quantity of coffee bought in coffee shops change? Will this tax raise much revenue?

  What is the variance of the number of calls per hour

Poisson Distribution (8 pts.) 911phone calls arrive at the rate of 30 per hour at the local call center. a. Find the probability of receiving more than two calls in a five-minute interval of time. b. Find the probability that the number of calls.

  What will the winning price be

Ten bidders in an oral auction have the following values for an antique clock ($10, $9, $8, $7, $6, $5, $4, $3, $2, $1). If bidders of the $10 and $9 bids collude and bidders of the $3, $4, and $5 bids collude, what will the winning price be?

  Why justice department is likely to block proposed merger

Nationwide Bank has approached Hometown Bank with a proposal to merge. The following table lists the sales of the banks in the area. Use this informatiojn to calculate the four firm consentration ration and the Herfindahl Hirschman index

  How much will be in the account at the end of the 10-year

how much will be in the account at the end of the 10-year period?

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