Mayor Bloomberg’s Soda ban is expected to be decided on Thursday, Sept 14. WEDNESDAY, Sept….

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Mayor Bloomberg’s Soda ban is expected to be decided on Thursday, Sept 14. WEDNESDAY, Sept. 12 (HealthDay News, US News and World Report) – New York City’s controversial proposal to regulate restaurant sales of large sugary drinks is coming to a head, with the city’s Board of Health scheduled to decide the measure’s fate on Thursday. Mayor Michael Bloomberg’s self-appointed board is expected to pass the measure, effectively prohibiting city restaurants, delis, sports facilities, and street vendors (but not grocery stores or convenience stores) from selling sweetened beverages in servings exceeding 16 ounces. Consider the restaurant soda market without the Bloomberg soda ban. The bundles include Large (32 ounce) sodas, L, and Small (16 ounce) sodas, S, from restaurants. Abby’s marginal rate of substitution is -2 at all bundles. The price of L is Pl = 3 and the price of good S is Ps= 2. Income allocated to restaurant sodas is 36.Draw the budget constraint (Put Large sodas on the X axis and Small sodas on the Y axis)Draw the indifference curve that includes the optimal bundle of large and small sodas.What is the optimal bundle? If Pl increases to PL = 4, does the optimal bundle change?Show on the graph. If PL increases to PL = 6, does the optimal bundle change?Show on the graph. For what prices, PL, does the Bloomberg ban have NO effect on Abby’s consumption of soda?

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Recall (Exercise 3.2.5) that the square metric distance between two points (x1, y1) and (x2, y2)…

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Recall (Exercise 3.2.5) that the square metric distance between two points (x1, y1) and (x2, y2) in R2 is given by D((x1, y1), (x2, y2)) = max{|x2 – x1|,|y2 – y1}. Show by example that R2 with the square metric and the usual angle measurement function does not satisfy the SAS Postulate

A political advisory committee recently recommended wage and price controls to prevent the…

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A political advisory committee recently recommended wage and price controls to prevent the spiraling inflation that was experienced in the 1970s. Members of the investment community and several labor unions have sent the committee reports that discuss whether or not dividends should be under the controls. The reports from the investment community demonstrated that the value of a share of stock is equal to the discounted value of its expected dividend stream. Thus, they argued that any legislation that caps dividends will also hold down share prices, thereby increasing companies’ costs of capital. The union reports conceded that dividend policy is important to firms that are trying to control costs. They also felt that dividends are important to stockholders, but only because the dividend is the shareholder’s wage. In order to be fair, the unions argued, if the government controls labor’s wage, it should also control dividends. Discuss these arguments and explain the fallacy in them.

Direct Materials Variances Techno Tyme Inc. produces electronic timepieces. The company uses…

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Direct Materials Variances Techno Tyme Inc. produces electronic timepieces. The company uses mini-LCD displays for its products. Each timepiece uses one display. The company produced 430 timepieces during October. However, due to LCD defects, the company actually used 450 LCD displays during October. Each display has a standard cost of $6.90. Four hundred fifty LCD displays were purchased for October production at a cost of $2,925. Determine the price variance, quantity variance, and total direct materials cost variance for October. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your per unit computations to nearest cent, if required. Price variance $ Quantity variance $ Total direct materials cost variance $

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I just 1 Page. Please submit it by 02/11/15. Please review the following files carefully in order…

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I just 1 Page. Please submit it by 02/11/15.Please review the following files carefully in order to meet its requirement. Order must completes in the Memorandum format. Look at the Individual Case Requirement for example. the format has to be same as the example memorandum.
1. Wentworth case brief ( Order instruction)
2. Individual Case Requirement (Order format requirement)
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