Please submit a 1,000 word paper, double spaced with proper APA citations answering the following:

Since taxes distort market outcomes and efficiencies, should the government legalize currently illegal drugs which have very inelastic demand and heavily tax them to generate revenue?

What steps should a CEO of a small community hospital take to make sure his/her hospital is better known, increase the utilization of select services, and increase the revenue. Alos state his/her assumptions (eg.; which services are best, where is excess capacity, e.t.c) .

Suppose that the government subsidizes employment. That is, the government pays the firm s dollars for each hour of labor the firm hires. In a graph that illustrates total revenue and total cost, illustrate the e§ect this subsidy has on the proÖt maximizing level of labor hired. Does it increase or decrease the labor?

(Please make an answer for each good listed) TIA

3.) If the government wants to raise tax revenue, which of the following items are good candidates for an excise tax? Why?

a.) granola bars

b.) cigarettes

c.) toilet paper

d.) automobile tires

e.) bird feeders

Consider the following accounts which we have utilized this semester. How many of the accounts listed below would be considered temporary?

(i) Unearned Consulting Revenue

(ii) Depreciation Expense

(iii) Sales Returns & Allowances

(iv) Accumulated Depreciation

(v) Allowance for Doubtful Accounts

A project has fixed costs of $2,400 per year, depreciation charges of $300 a year, annual revenue of $21,600, and variable costs equal to two-thirds of revenues.

a. If sales increase by 19%, what will be the percentage increase in pretax profits?

b. What is the degree of operating leverage of this project?

What factors are associated with Perfect Competition? What is the shape of the demand curve for a firm in a perfectly competitive market? What is the profit maximizing level of output for a firm in a perfectly competitive market? What is the relationship between Price, Marginal Revenue and Marginal Cost at the profit maximizing level of output?

a) What are the assumptions about the competitor's reaction to the price changes underlying the shattered demand curve of the oligopoly?

(b) Why is there a break in the oligarch's marginal revenue curve?

(c) How does the model of the sloping demand curve explain the rigidity of prices in the oligopoly?

(d) What are the disadvantages of this model?

12. Diamond Boot Factory normally sells their specialty boots for $28 a pair. An offer to buy 50 boots for $22 per pair was made by an organization hosting a national event in Norfolk. The variable cost per boot is $10 and special stitching will add another $3 per pair to the cost. Determine the differential income or loss per pair of boots from selling to the organization. Enter the amount as a positive number.

Differential________ per pair of boots from accepting the special order is $ .

13. An unfinished desk is produced for $36.05 and sold for $65.75. A finished desk can be sold for $75.00. The additional processing cost to complete the finished desk is $6.45.

Provide a differential analysis for further processing. Round your answers to two decimal places, if necessary.

14. Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 55,600 units of its sole product. Magpie desires a profit equal to a 19% rate of return on invested assets of $615,000.

The cost per unit for the production and sale of the company's product is

a.$12.74

b.$13.59

c.$1.98

d.$0.85

15. Hayden Company is considering the acquisition of a machine that costs $305,000. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual net cash flow of $92,000, and annual operating income of $78,200. What is the estimated cash payback period for the machine (round to one decimal points)?

a.5.1 years

b.1.2 years

c.3.9 years

d.3.3 years