subject
Business, 03.09.2019 18:30 Yasin36

The state of oregon's wine industry specializes in the production of pinot noir wine, a type of red wine. oregon's pinot noir is very similar to wines made in santa barbara and the burgundy region of france. oregon's pinot noir is also known to pair well with lamb, that is, many people choose to drink pinot noir while eating lamb. for many years, states levy a special sales tax on wine often called a "sin tax". the reasoning behind these special sales taxes is that wine consumption can lead to particular social costs such as drunk driving, violence, etc. however, many medical studies have demonstrated that moderate consumption of red wine can lower the risks for many diseases such as coronary heart disease. thus, there are social benefits as well. suppose that states, in recognition of some of the benefits to wine consumption, decide to decrease the sales tax on oregon pinot noir. what effect will this have on consumer surplus, producer surplus and deadweight loss. a. consumer surplus increases, producer surplus increases, the deadweight loss decreases. b. consumer surplus decreases, producer surplus decreases, the deadweight loss decreases. c. consumer surplus decreases, producer surplus increases, the deadweight loss is unchanged. d. consumer surplus increases, producer surplus increases, the deadweight loss increases.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 23:30
Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?
Answers: 3
question
Business, 22.06.2019 19:40
Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
Answers: 2
question
Business, 22.06.2019 20:20
Digitalhealth electronics inc. is a company that builds diagnostic devices. it was the first company to develop a compact mri scanner by reconfiguring the components of the mri technology. this smaller and user-friendly version of the huge mri scanner created demand from small hospitals, nursing homes, and private practice doctors who were earlier dependent on the scanning machines in large hospitals. which of the following types of innovations does this scenario best illustrate? a. disruptive innovation b. incremental innovation c. radical innovation d. architectural innovation
Answers: 3
question
Business, 22.06.2019 20:50
Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?
Answers: 1
You know the right answer?
The state of oregon's wine industry specializes in the production of pinot noir wine, a type of red...
Questions
question
Mathematics, 24.03.2020 21:04
Questions on the website: 13722363