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economic Massachusetts has decided to legalize heroin. Private sellers will be allowed to sell the drug to anyone over the age of 21. All sales will be subject to a state tax. The state has hired you to review the policy. Use what you know about markets, taxes, and elasticities to discuss the potential benefits and costs (including opportunity costs) the policy might have on society. (it should be dune in 8 h) and it should includes 500 words

Date Posted: 31/05/2018
Category: Economics
Due Date: 31/05/2018
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tutor4U_d_971 8 years, 4 months ago
Rated 9.33 earned 53632.21 around 1383 assignments.
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    tutor4U_d_971 | May 31, 2018, 18:22 PM
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    tutor4U_d_971 | May 31, 2018, 18:22 PM
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    tutor4U_d_971 | May 31, 2018, 18:22 PM
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    tutor4U_d_971 | May 31, 2018, 18:26 PM
  • hey
    User_13946 | May 31, 2018, 18:30 PM
  • Massachusetts has decided to legalize heroin. Private sellers will be allowed to sell the drug to anyone over the age of 21. All sales will be subject to a state tax. The state has hired you to review the policy. Use what you know about markets, taxes, and elasticities to discuss the potential benefits and costs (including opportunity costs) the policy might have on society. Your discussion should include a comparative statics illustration of how the tax might effect a perfectly competitive market for heroin. You should address how large the expected tax revenue will be, and how it should be spent. You should also address how the policy could increase or decrease the scope of black markets. Note that there is no one right answer to this question. You are free to argue any case. Your discussion will be evaluated on your use of the economic concepts we have developed thus far.
    User_13946 | May 31, 2018, 18:30 PM
  • Other guidelines: 1. Your discussion must be at least 500 words. 2. Your discussion must have perfect spelling, grammar and syntax. 3. Write for a general audience - if you use a technical term (e.g. elasticity), you must define it. 4. You must cite sources using the Chicago citation format. 5. Your submission must be single spaced and written in 10pt Times New Roman Font. 6. You must submit a PDF. It is preferable that you typeset your document in LaTeX using the class template, but it is fine if you write in Microsoft Word, Pages or Google Docs, so long as you submit a PDF. (Note that you can use LaTeX for free and without downloading any software on Overleaf.)
    User_13946 | May 31, 2018, 18:30 PM
  • Thank you. I will deliver to your expectations.
    tutor4U_d_971 | May 31, 2018, 18:31 PM
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    tutor4U_d_971 | May 31, 2018, 18:31 PM
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    tutor4U_d_971 | May 31, 2018, 18:33 PM
  • i just upload 2 files
    User_13946 | May 31, 2018, 18:34 PM
  • Thank you for the consideration
    tutor4U_d_971 | May 31, 2018, 18:34 PM
  • you may use it and you can use another sources , plz read what i show you carefuly
    User_13946 | May 31, 2018, 18:35 PM
  • Your discussion should include a comparative statics illustration of how the tax might effect a perfectly competitive market for heroin. You should address how large the expected tax revenue will be, and how it should be spent. You should also address how the policy could increase or decrease the scope of black markets. Note that there is no one right answer to this question. You are free to argue any case. Your discussion will be evaluated on your use of the economic concepts we have developed thus far.
    User_13946 | May 31, 2018, 18:36 PM
  • okay
    tutor4U_d_971 | May 31, 2018, 18:36 PM
  • if you need anything just let me know
    User_13946 | May 31, 2018, 18:37 PM
  • Hello, I have uploaded the completed assignment. Kindly confirm and if you have anything you need clarification, feel free to get back to me. I welcome more of your papers. Kindly ensure to rate 10** quality and very short turn around
    tutor4U_d_971 | May 31, 2018, 21:50 PM
  • bro i need it as a policy paper
    User_13946 | May 31, 2018, 21:51 PM
  • When you have other work, kindly inbox me for help before posting. Kind regards
    tutor4U_d_971 | May 31, 2018, 21:51 PM
  • sorry i forgot to tell you that i want the paper as policy paper
    User_13946 | May 31, 2018, 21:52 PM
  • Okay. what do you want to be changed?
    tutor4U_d_971 | May 31, 2018, 21:54 PM
  • could you go online and check how to write as a policy paper , because i never heard about that , and i'm going to give you a bonus for that
    User_13946 | May 31, 2018, 21:59 PM
  • okay
    tutor4U_d_971 | May 31, 2018, 22:01 PM
  • Hello, I have edited and uploaded the paper. Kind regards
    tutor4U_d_971 | May 31, 2018, 22:30 PM
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    User_13946 | Jun 28, 2018, 18:00 PM
  • i have another assignment for you
    User_13946 | Jun 28, 2018, 18:01 PM
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    User_13946 | Jun 28, 2018, 18:01 PM
  • Hello, yes I am here
    tutor4U_d_971 | Jun 28, 2018, 18:03 PM
  • okay i'm going to ;post a new assigment
    User_13946 | Jun 28, 2018, 18:05 PM
  • i'm going to call it economy 2
    User_13946 | Jun 28, 2018, 18:05 PM
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    tutor4U_d_971 | Jun 28, 2018, 18:05 PM
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    tutor4U_d_971 | Aug 03, 2018, 00:33 AM
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