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Question: Suppose the market for cigarette is competitive. An economist estimates the price elasticity of demand and supply for cigarette are -3y and y respectively.
a. Suppose the government imposes a per-unit tax on the cigarette sellers. Who, buyers or sellers, would share a heavier tax burden? Explain your answers without any calculation.
b. Suppose the government imposes a per-unit tax of $60 on the cigarette sellers. By how much would buyers and sellers of cigarettes share the tax burden respectively? Show your calculation.
c. Suppose many small sellers, such as newsstands, complain the heavy tax burden borne by them. Would it be better to these small sellers if the government decides to impose a $30 per-unit tax on both the buyers and the sellers of cigarette? Explain.
Managementis interested in the production interval of 0-150,000 boxes of crackers per year. Mathematically determine the production volume over which each.
Write a summary of the strategic analysis of a hospital or healthcare setting including an analysis of management, mission, vision, marketing strategies.
Using LD = 125-9W as a starting labor demand curve, indicate the change when consumers increase their demand for the output good prod uced by firms.
What are the various ways that the default intensity parameter can be modeled in a reduced form model?
The monetary base is equal to
The financial manager at Kyser Jones is considering two mutually exclusive projects with the following projected cash flows:
Now suppose interest rates increase to 6%. As a result, gross investment falls to $1,500 while government purchases and net exports remain constant
On their way to their chosen resturant, they see that the Mexican and French resturants are closed, so they use a Borda count again to decide between the remaining two restaurants. Where do they decide to go now?
Write in APA format and make sure to include the name of the country and the names of all group members. Copy the map from the country's page on the website.
effect of changes in the real-world competitive environment and government policies
What is the probability that the sample mean will be more than 9.0%
Identify the effects of union activities during the post- Civil War period by using a graphic organizer similar to the one below.
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