Ivan Efimenko Posted May 30, 2018 Report Share Posted May 30, 2018 Hi, could someone please help me pick out what to talk about for my Micro IA, for this article: https://www.news.com.au/finance/money/costs/cigarettes-to-increase-by-270-a-pack/news-story/cc94b9d54eb6d81f94df34808ed8243b Reply Link to post Share on other sites More sharing options...
Vighnesh Posted May 30, 2018 Report Share Posted May 30, 2018 You could talk about the negative externalities of consumption that are associated with the consumption of cigarettes. You could evaluate whether the tax is appropriate or not. 1 Reply Link to post Share on other sites More sharing options...
Ivan Efimenko Posted May 30, 2018 Author Report Share Posted May 30, 2018 Thanks! Could you explain specifically which negative externalities I can talk about, and what graphs I could use so I can get a head start? Appreciate it Reply Link to post Share on other sites More sharing options...
Vighnesh Posted May 30, 2018 Report Share Posted May 30, 2018 You could talk about negative externalities of consumption. The diagram is there in the Cambridge textbook or you could just search it up. Reply Link to post Share on other sites More sharing options...
Vighnesh Posted May 30, 2018 Report Share Posted May 30, 2018 The negative externality could be passive smoking. Reply Link to post Share on other sites More sharing options...
Ivan Efimenko Posted June 1, 2018 Author Report Share Posted June 1, 2018 Thanks! I've talked about cigarettes are a negative externality of consumption, and have mentioned passive smoking. What else could I add? My teacher has told me I need two graphs and only have one for now Reply Link to post Share on other sites More sharing options...
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