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Read "Critical Thinking - Case 11: A Spoonful of Sugar" then answer the questions below:
1. Do you agree with Mayor Bloomberg's viewpoint and policy direction about banning sugar-laden drinks or do you agree with the court ruling that overturned the ban? What reasons can you provide for your position?
2. We have rules that, in essence, limit the consumption of alcohol when someone is driving because of the social costs of drinking and driving. Is the issue of limiting the consumption of sugary sodas the same as limiting the consumption of alcohol? How are these two situations the same and how are they different?
3. The line that is drawn between the philosophical positions on individual versus collective rights is different for everyone. Some are closer to supporting individual rights and some closer to supporting societal rights. Where do you stand in this debate? What has influenced your thinking?
4. If you had a magic wand, are there other bans you would place on consumer goods? Or would you use your magic wand to erase some bans away?
Which among the equation will you choose for a better demand estimation. Illustrate answer in the language of statistics.
Where individual meters have been installed, water usage has declined 10 to 40 percent. Elucidate that drop, referring to price and marginal utility.
Write down the formula for the budget constraint, and what happens if we allow for the stamps to be traded at a price equal to 1.
Martin is an expected-utility maximizer with utility function u (c) = 200vc. Martin has $100. Martin knows that if he leaves the money at home, then it has a pr
What are various factors that have led to a widening of economic inequality in the past decade?
1. What are the two most important factors in determining the type of data storage format that should be adopted for a system? What impact will the organization's existing storage formats affect this selection?
Some things to consider are how globalization has impacted domestic industries, initiated emigration or caused violent conflicts.
Suppose a firm faces the following demand for its output q: q = a + bp, where p represents the price it receives per unit sold. Let α be the x-intercept of this demand curve (p plotted on the vertical axis and q on the horizontal axis). Let β be the ..
What might be the greatest challenge to reducing inequalities in health care, using the sociological point of view?
The economy is currently in equilibrium at full employment. Suppose that the Fed increases money supply growth by 5 percent. Using an aggregate demand and supply graph, explain exactly what happens and why to aggregate output (real GDP) and the infla..
If the average interval between? firm’s price adjustments is relatively? short,
In the competitive market for welding services in Logan, assume that a > 0 and b > 0 are exogenous variables: a represents the price of a related good, and b represents the number of welders (i.e., sellers) in the market. Describe an economically rea..
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