Question
In: Economics
Recently there has been discussion in the news about taxing junk food (soft drinks, for example)...
Recently there has been discussion in the news about taxing junk food (soft drinks, for example) in an effort to reduce the incidence of obesity in the U.S. Do you think the demand for junk food is elastic or inelastic with respect to price.
Based on your knowledge of the price elasticity of demand, do you think the dead weight loss of a soda/junk-food tax would be relatively large or relatively small? Why? Do you think taxing junk food would be a good idea? Based on your analysis, would it really help reduce the number of obese people in the United States? Explain.
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
Recently there has been discussion in the news about taxing junk food (soft drinks, for example)...
Recently there has been discussion in the news about taxing junk
food (soft drinks, for example) in an effort to reduce the
incidence of obesity in the U.S. Do you think the demand for junk
food is elastic or inelastic with respect to price.
Based on your knowledge of the price elasticity of demand, do
you think the deadweight loss of a soda/junk-food tax would be
relatively large or relatively small? Why? Do you think taxing junk
food would be...
There has been much discussion in the news about the production and use of paper straws....
There has been much discussion in the news about the production
and use of paper straws. Describe the market for plastic straws. Is
there an externality associated with this market? If there is an
externality, what type exists? What will this externality do to the
market for plastic straws? Be sure to clearly describe the
equilibrium price and quantity for the market in both cases (in
presence and absence of the externality).
There has been much discussion in the news about the production and use of paper straws....
There has been much discussion in the news about the production
and use of paper straws. Describe the market for plastic straws. Is
there an externality associated with this market? If there is an
externality, what type exists? What will this externality do to the
market for plastic straws? Be sure to clearly describe the
equilibrium price and quantity for the market in both cases (in
presence and absence of the externality).
Adolescents are drinking more soft drinks and this behavior has been associated with a higher risk...
Adolescents are drinking more soft drinks and this behavior has
been associated with a higher risk of bone fractures.
a) Identify three barriers that prevent adolescents from
choosing calcium-rich foods.
b) Classify these barriers into the conceptual model factors
(macrosystem, environmental, and personal) discussed in the
chapter.
c) Create a snack that would add calcium in adolescents’
diets.
d) Discuss how this new product would address the three barriers
you identified. This does have to be a food that is...
There has been a great deal of discussion in the news over the past few years...
There has been a great deal of discussion in the news over the
past few years about raising the minimum wage. Some cities and
states have increased minimum wages in their locality above the
federal minimum wage, which has brought demands for the federal
minimum wage to be increased. Some argue that the federal minimum
wage should be increased to $10.10 while others argue for the $15
level. From a microeconomics perspective, who is hurt and who is
helped by...
Recently the videoconferencing software Zoom has been featured in the news. a. What are the current...
Recently the videoconferencing software Zoom has been featured
in the news. a. What are the current issues surrounding the usage
of this software? b. Describe the roles of firewalls, intrusion
detection systems, and antimalware software in promoting security.
c. Explain how encryption protects information.
There has been a lot of news about the VA and their treatment of veterans and...
There has been a lot of news about the VA and their treatment of
veterans and the fraud involved in manipulating appointment
information. Recently there have been articles on VA owned nursing
homes and the lack of medical standards. - What has happened at the
VA? - What are your reactions to this situation? - What theory of
ethics has been violated? -What have the penalities been too date?
-What other actions should be taken on this situation? Please write...
24. Oligopoly is a common form of big business in America. Automobiles, soft drinks, fast food...
24.
Oligopoly is a common form of big business in America.
Automobiles, soft drinks, fast food franchises, cigarettes, beer,
and cell phone services all fall into the category of
oligopoly.
a. What are the characteristics of an oligopoly? List and explain
the three most important characteristics.
b. Many oligopolies are successful in earning economic profit year
after year. Identify and explain what characteristic of oligopoly
is most responsible for the presence of long-run economic
profits.
c. Many oligopolies sell differentiated...
In a factory concerned with the production of soft drinks you have been asked to analyse...
In a factory concerned with the production of soft drinks you
have been asked to analyse the production of two drinks, X and Y.
Each litre of X that is produced can (if required) be further
processed into Y. Producing one litre of X costs £0.12 and the
further processing to produce Y costs an additional £0.03.
Wholesalers have in the forthcoming month ordered 150,000 litres of
X and 175,000 litres of Y.
The production capacity allocated to X and...
1.A fast-food restaurant selling soft drinks advertises that they contain 15 ounces. A manager wants to...
1.A fast-food restaurant selling soft drinks advertises that
they contain 15 ounces. A manager wants to find out whether the
drinks are being overfilled. A random sample of 10 independently
chosen drinks produced a mean of 15.6 ounces with a standard
deviation of 0.4 ounce. Assume that the distribution of serving
sizes in the population is Normally distributed. Carry out the
appropriate hypothesis test using a 1% significance level. Explain
what conclusion the manager should reach.
2.The mean weight of...
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