Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Mar 2018 My Price 4.00

California’s State Board of Equalization

California’s State Board of Equalization imposed a higher tax on “alcopops,” flavored beers containing more than 0.5% alcohol-based flavorings, such as vanilla extract (Guy L. Smith, “On Regulation of ‘Alcopops,’ ” San Francisco Chronicle, April 10, 2009). Such beers are taxed as distilled spirits at $3.30 a gallon rather than as beer at 20¢ a gallon. In response, manufacturers reformulated their beverages so as to avoid the tax. By early 2009, instead of collecting a predicted $38 million a year in new taxes, the state collected only about $9,000. Use an isocost-isoquant diagram to explain the firms’ response. (Hint: Alcohol-based flavors and other flavors may be close to perfect substitutes.)

 

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Mar 2018 05:03 AM My Price 4.00

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