Skip to main content

ATMC BUS502 Principles of Economics for Accountants

NAME:
ID NO:
Tutor’s name:

ATMC BUS502 Principles of Economics for Accountants – Semester One 2018

Assessment task 2 – Responses to articles – Article 2

DUE via Safe Assign 9pm Sunday 13th May

“Tobacco tax hikes are great, so long as you’re not a poor smoker” By Katie Hirono and Katherine Smith from The Conversation 11th April 2017 is available at:

https://theconversation.com/tobacco-tax-hikes-are-great-so-long-as-youre-not-a-poor-smoker-75211

Access the article at the URL given above and read it carefully. Based on your reading, answer the questions in the spaces below. Use full sentences and show all necessary working. Other references are not necessary but, if you do use any (for example, online economics glossaries) please list at least the URL of your source. Marks are shown and total [15].

  1. Can the market for cigarettes be considered a perfectly competitive market? Explain your answer, referring to at least three characteristics of this type of market structure.

[4]

  1. The article claims that “tobacco tax increases … may discourage smoking”. Use the simple demand and supply diagram to illustrate and explain the effects of an imposition of a tax in the market for cigarettes, identifying the changes in consumer surplus, producer surplus and tax revenue.

[6]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. “Low-income earners tend to find it harder to quit than higher-income earners.”. Explain in your own words what this means in terms of concept of elasticity and use the diagrams below to compare the effects of an imposition of a tax on equilibrium price and quantity when demand is

[5]

a) relatively inelastic and b) relatively elastic

 

 

 

 

 

 

 

 

 

 

 

 

 



Logo GET THIS PAPER COMPLETED FOR YOU FROM THE WRITING EXPERTS  CLICK HERE TO ORDER 100% ORIGINAL PAPERS AT PrimeWritersBay.com

Comments

Post a Comment

Popular posts from this blog

Identify and discuss a key milestone in the history of computers that interests you and why.

  Part 1Title: Lab ResponseDiscuss one feature of MS Word and one feature of MS Excel that you found challenging within the lab and why. Examples are WordArt, inserting shapes, adding borders, cell styles, etc. This response should be at least one paragraph in length. Part 2Title: History of Computers Identify and discuss a key milestone in the history of computers that interests you and why. This section should be at least one paragraph. Part 3Title: System Software vs. Application Software In your words, explain the difference between application software and system software as if to another coworker who has limited technical knowledge. Use examples to support your rationalization. This section should be at least two paragraphs. Part 4Title: Blockchain and Cryptocurrency In a minimum of one paragraph each: 1. Conduct some research on the internet and discuss one underlying technology of cryptocurrencies like blockchain, cryptography, distributed ledger technol...
Post a Comment
Read more

You have been given the t

PPMP20009 Leading Lean Projects Term 2, 2018 Page 1 of 3 Assessment 1 (Individual Work – 40%) Case study: Managing Lean Project Introduction You have been given the task to organise the FIFA 2018 World Cup football tournament ( https://ift.tt/2If0UDE ). (For those not familiar with football, you may change the event to the recently concluded 2018 Gold Coast Commonwealth Games: https://gc2018.com/ ). Your tasks This assessment item requires you to work INDIVIDUALLY. 1. As the project manager in charge of delivering such as an important world sporting event: i. Identify and elaborate the following terms with regards to the event. a. Voice of the Customer (VOC) b. Critical to Customer Requirements (CCR) c. Critical to Quality parameters (CTQ) ii. In what ways would you have implemented lean project management for this event? Identify and elaborate processes from PMBOK, PRINCE2, Organisational Project iii. Management Agile Practices and Lean Six Sigma (DMAIC Me...
Post a Comment
Read more

Cybersecurity and Infrastructure Security (CISA)

 Develop a research paper that identifies a specific Department of Homeland Security (DHS) operating agency. Fully describe 1 DHS operating agency from the following list: Cybersecurity and Infrastructure Security (CISA) U.S. Customs and Border Protection (CBP) U.S. Citizenship and Immigration Services (USCIS) Federal Emergency Management Agency (FEMA) U.S. Coast Guard (USCG) U.S. Immigration and Customs Enforcement (ICE) U.S. Secret Service (USSS) Transportation Security Administration (TSA) The information must include a discussion of the selected DHS agency. Identify the agency’s mission, goals, objectives, and metrics. Conduct an analysis of how these mission areas address the threats or challenges. Recommend agency program priorities among the current set of goals, objectives, metrics, or budget items. Justification of all choices is an essential element of this assignment. Reference all source material and citations using APA format. WE OFF...
Post a Comment
Read more