Assignment on Economics for Manager

Added on - 29 Apr 2020

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Running head: ECONOMICS FOR MANAGEREconomics for ManagerName of the StudentName of the UniversityAuthor note
ECONOMICS FOR MANAGER1Table of ContentsAnswer 1..........................................................................................................................................2Answer 2..........................................................................................................................................4Answer a......................................................................................................................................4Answer b......................................................................................................................................4Answer c......................................................................................................................................5Answer d......................................................................................................................................5References........................................................................................................................................6
ECONOMICS FOR MANAGER2Answer 1Unhealthy food habit of people increases government cost of health service. In order tochange people’s habit from unhealthy food to healthy ones government in many countries hasimposed tax on sugar and other unhealthy products. Australia imposes tax on cigarettes andalcohol and get a positive result in terms of reduced smoking and alcohol (theconversation.com2017). Along with taxing unhealthy food product, a subsidy on healthy product can be provedbeneficial. The extent of effectiveness on either policy depends on the demand elasticity of thefood items.Figure 1: Effect of subsidy on healthy food item(Source: As created by Author)
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