Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

The federal government occasionally goes through the process of reauthorizing and modifying the State Children's Health Insurance Program (SCHIP, which was introduced in 1997). Money for this program could be raised by increasing taxes generally (imagine adding a small percent to all income tax) or - as suggested by some past proposals - by taxing cigarettes. describe what the lump-sum principle would suggest about which way would allow the money to be raised with the smallest loss in overall utility. Then make an argument for why the government may still prefer using the other approach.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M949000

Have any Question? 


Related Questions in Microeconomics

Question since uber has entered the transportation market

Question: Since Uber has entered the transportation market, taxi services have declined significantly. Using economic terms, explain why might that be the case and given that the New York Taxi market is subject to a quot ...

Question for the supply curve shown in figure 3-6 what does

Question: For the supply curve shown in Figure 3-6, what does the corresponding total variable cost curve look like? How about marginal cost? The response must be typed, single spaced, must be in times new roman font (si ...

Question suppose there are two consumers a and b the

Question: Suppose there are two consumers A and B. The marginal rate of substitution of A is MRS = Y /X , A A A and that of B is MRS = Y /X. Draw an Edgeworth Box and show all the points at which exchange B B B efficienc ...

Question suppose that the tax ti paid by individual i is

Question: Suppose that the tax (Ti) paid by individual i is the following function of his or her income (Xi): Ti = 0.1(Xi - 2000) = 0.1Xi - 200 (i.e. there is a flat tax of 10% on all income over 2000). You know that tot ...

Question the united states currently uses a voting system

Question: The United States currently uses a voting system called "first past the post" in elections, meaning that the candidate with the most votes wins. What are some of the problems with a "first past the post" system ...

Question draw the representative firmmarket graph of a

Question: Draw the representative firm/market graph of a perfectly competitive market in long-run equilibrium. Be sure to include and label all necessary curves. (a) Suppose the market demand curve shifts outwards, descr ...

Question answer questions your answers should be no more

Question: Answer Questions: your answers should be no more than a short paragraph of 3-4 sentences for each of the following questions. Assume that a firm's analysis of its balance condition shows the following: PL = $10 ...

Question consider a project that requires an upfront

Question: Consider a project that requires an upfront payment of $500. Suppose there is a 70% percent chance that the project is moderately successful and generates cash flows of $100 one year from now and $200 two years ...

Question what is the time value of money and how can

Question: What is the time value of money and how can compound interest be used to calculate the present value of any future amount of money? How is the word "risk" used in financial economics and what is the difference ...

Question synthesizing suppose you were told that you would

Question: Synthesizing Suppose you were told that you would earn $95,000 in 2020. Explain why this information would say little about the standard of living you might enjoy. What other information would you need before y ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As