Explain why cigarette smoking is often described as a good with negative externalities. b) Why might a
Question:
b) Why might a tax on cigarettes induce the market for cigarettes to perform more efficiently?
c) How would you evaluate a proposal to ban cigarette smoking? Would a ban on smoking necessarily be economically efficient?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
a For one by smoking in public smokers force other individuals to breathe air with smoke known as se...View the full answer
Answered By
Issa Shikuku
I have vast experience of four years in academic and content writing with quality understanding of APA, MLA, Harvard and Chicago formats. I am a dedicated tutor willing to hep prepare outlines, drafts or find sources in every way possible. I strive to make sure my clients follow assignment instructions and meet the rubric criteria by undertaking extensive research to develop perfect drafts and outlines. I do this by ensuring that i am always punctual and deliver quality work.
5.00+
6+ Reviews
13+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Why is JIT often described as a "philosophy," rather than as an inventory management technique?
-
Explain why the tax treatment of capital gains is often described as preferential, while the treatment of capital losses is often considered unfair.
-
Education is often described as a good with positive externalities. Explain how education might generate positive external benefits. Also suggest a possible action the government might take to induce...
-
Assume that global lightning on the Earth constitutes a constant current of 1.00 kA between the ground and an atmospheric layer at potential 260 kV. (a) Find the power of terrestrial lightning. (b)...
-
Andy currently has $5,400 that he wants to invest in Best Sell Companys stock, which currently is selling for $30 per share. The brokerage firm through which Andy invests has a 60 percent margin...
-
Nova Corporation hired a new product manager and agreed to provide her a $38,000 relocation loan on a six-month, 6 percent note. a. The company loans the money on January 1. b. The new employee pays...
-
Robert Boyle (1627-1691) established the law that (pressure \(\times\) volume) \(=\) constant for a gas at a constant temperature. By pouring mercury into the open top of the long side of a...
-
Smith & Co., a local Dallas public accounting firm, is incorporated as a professional corporation, with three shareholders, all CPAs. The shareholders have developed a combination of marketing,...
-
The average molecular velocity v of a gas in a certain container is given by o(T) = 30T m/s, where T is the temperature in kelvins. The temperature is related to the pressure (in atmospheres) by T =...
-
Dilberts Department Store is trying to determine how many Hanson T-shirts to order. Currently the shirts are sold for $21, but at later dates the shirts will be offered at a 10% discount, then a 20%...
-
There are two types of citizens in Pulmonia. The first type has an inelastic demand for public broadcasting at Q = 8 hours per day; however, they are willing to pay only up to $30 per hour for each...
-
Consider Learning-By-Doing Exercise 17.2, with a socially efficient emissions fee. Suppose a technological improvement shifts the marginal private cost curve down by $1. If the government calculates...
-
How many atoms are present in a sample of plumbers solder, a leadtin alloy containing 67% Pb by mass and having a density of 9.4 g/cm 3 ?
-
Swansea Ltd prepared the unadjusted trial balance as at 30 June 2019 shown below. The following information and events are yet to be recorded by the company on 30 June 2019. 1. Inventory on hand...
-
The information below has been extracted from the financial statements of Crystal Craft Ltd. Required (a) Calculate the following for years 2020 and 2021: i. receivables turnover ratio ii. average...
-
The artists who come to us often have no idea what it is like to be part of an organization like ours, because there is no other organization like Cirque!. Even though we have a lot of really smart...
-
Jenny Pike, assistant accountant for Blenheim Instruments Ltd, was finalising the balance sheet of the company as at 30 June 2019 with the accountant of the business, Russell Bayer. Although both...
-
Value Vehicles is a car dealership. One of its models was used as a demonstrator during the year. Presented below is information relating to the demonstrator as of 30 June 2019, the end of the...
-
In Exercises (a) Describe the type of indeterminate form (if any) that is obtained by direct substitution. (b) Evaluate the limit, using LHpitals Rule if necessary. (c) Use a graphing utility to...
-
Transform the while loop from the previous exercise into an equivalent for loop (make sure it produces the same output).
-
Suppose you are the economic advisor for a firm that is trying to decide whether to acquire Bumbler Oil Company, whose only asset is an oil field that has a net value X under its current management....
-
If the wages you are offered are uniformly distributed between $75 and $150, and if the cost of looking for another job is $2, what is the minimum wage you should accept?
-
Earthly Bliss dating service charges $100 per date that it arranges. All of its dates will accept an offer of marriage. In your estimation the quality of the potential spouses offered by the dating...
-
4. A stock provides a dividend yield of 5.0% paid semi- annually. The spot price of the stock is currently $500, and the risk-free rate is 7.5% with continuous compounding for all maturities. 1. What...
-
1. A 1000 bond issued on January 10, 2021 is paying coupons at a nominal interest rate of 7% payable semiannually. The bond is redeemed at par and matures on January 10, 2031. The nominal yield rate...
-
Ruzgar Inc., bonds were selling at $1,040 a year ago. A friend of yours invested into this bond and just received a $100 coupon payment. She sold the bond today for $1,200.If the inflation rate for...
Study smarter with the SolutionInn App