subject
Business, 31.01.2020 23:48 didirose

Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax cut of $500. suppose a person smokes an average of 500 packs of cigarettes per year—and would thus face a tax increase of about $500 per year from the cigarette tax at the person’s current level of consumption. the income tax measure would increase the person’s after-tax income by $500. would the combined measures be likely to have any effect on the person’s consumption of cigarettes? why or why not?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 05:30
U.s. internet advertising revenue grew at the rate of r(t) = 0.82t + 1.14 (0 ≤ t ≤ 4) billion dollars/year between 2002 (t = 0) and 2006 (t = 4). the advertising revenue in 2002 was $5.9 billion.† (a) find an expression f(t) giving the advertising revenue in year t.
Answers: 1
question
Business, 23.06.2019 00:30
Environmentalists are concerned about emissions of sulfur dioxide into the air. the average number of days per year in which sulfur dioxide levels exceed 150 milligrams per cubic meter in milan, italy, is 29. the number of days per year in which emission limits are exceeded is normally distributed with a standard deviation of 4.0 days. what percentage of the years would exceed 37 days?
Answers: 2
question
Business, 23.06.2019 00:30
Greentel, a telecom giant, has been using the service of orpheus inc. for training its employees. according to a deal signed by the two companies, orpheus inc. is not only responsible for training greentel's employees but also for providing comprehensive administrative services to the telecom giant. in this instance, greentel engages in
Answers: 1
question
Business, 23.06.2019 02:30
Congressman patrick indicates that he is opposed to tax proposals that call for a flat tax rate because the structure would not tax those individuals who have the ability to pay the tax. discuss the position of the congressman, giving consideration to tax rate structures (e.g., progressive, proportional, and regressive) and the concept of equity.
Answers: 3
You know the right answer?
Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax...
Questions
question
Business, 04.12.2019 22:31
Questions on the website: 13722363