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Liquidated Damages. B-Sharp Musical Productions, inc., contracted with James Haber to provide a sixteen-piece band at Harber's son bar mitzvah for $30,000. Their contract stipulated payment of half of the price if Haber canceled more than ninety days before the performance and entire price if he canceled less than ninety days before. Haber canceled the deal less than ninety days before the bar mitzvah, but refused to pay the price. Is the provision for the payment of the entire price enforceable? Explain in 50 or more words.
The Goldilocks scenario can best be described by:
Select two brands that serve the same market but are not discussed in the chapter. Using print advertising, screen shots from Web sites, and stills from commercials (use screen shots from streaming video), assemble supporting material that helps y..
For the rest of the problem, ignore the inverse demand function stated at the beginning of the problem, and instead assume that the firm is one firm in a competitive market, Compute all of the points that satisfy the FOC for the individual firm.
Suppose in the current year that there is a nation-wide drought for apple growers and a statewide bumper crop for oranges in both Florida and California. Which of the following statements correctly reflects the subsequent developments in the U.S. ora..
The demand for good x is given by Qdx=6,000-1/2 Px - Py + 9Pz + 1/10M. Determine the demand function and inverse demand function for good X, graph the demand curve for good X. How many units of good X will be purchased when Px = $5,230? Please show a..
Unemployment spells and long term unemployment. According to the data presented in this chapter, about 47% of unemployed workers leave unemployment each month. What is the probability that an unemployed worker will still be unemployed after one month..
Bribe vs Retirement Collapse What Would You Do? Dale Goodwin stared out the window of his office in Rio de Janeiro and pondered his dilemma. He has been a salesperson with Acme Oil Pumps, Inc., for 35 years. Who is affected? What are the ethical and ..
Cite the major functions of the district Federal Reserve banks. Brief overview of monetary policy. Brief overview of the Board of Governors.
A manager from a developing country is overseeing a multinational's operations in a country where drug trafficking and lawlessness are rife. One day, a representative of a local "big man" approaches the manager and asks for a "donation" to help the "..
Resource B has to be taken down for maintenance 10 minutes every hour (works for 50 minutes, and is down for 10 minutes). Resource D has to be taken down for maintenance 15 minutes every hour (works for 45 minutes, and is down for 15 minutes). Mainte..
The import tariffs that President Bush placed on imported steel likely had what effect?
A consumer receives income y in the current period, income y' in the future period and pays taxes of t and t' in the current and future periods, respectively. The consuer can borrow and lend at the real interest rate r. This consumer faces a constrai..
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