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docker41 [41]
3 years ago
10

Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco

. raise the price to reflect their true costs d. restrict sales to government-owned stores
Business
1 answer:
SOVA2 [1]3 years ago
5 0

Answer:

c

Explanation:

A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes

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N = 10

N = 10PMT = 0

N = 10PMT = 0PV = 84.49

N = 10PMT = 0PV = 84.49FV = 100

N = 10PMT = 0PV = 84.49FV = 100R = Rate(10,0,84.49,-100,0) = 0.017 = 1.7%

N = 10PMT = 0PV = 84.49FV = 100R = Rate(10,0,84.49,-100,0) = 0.017 = 1.7%b. Yield = 0.02 per quarter = 0.08 per year

N = 10PMT = 0PV = 84.49FV = 100R = Rate(10,0,84.49,-100,0) = 0.017 = 1.7%b. Yield = 0.02 per quarter = 0.08 per yearcontinuous rate = ln(1+0.08) = ln(1.08)...

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