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Pacific Marine, Inc. is a boat retailer. Pacific contracts to sell a 20-foot sailboat to Fred Jones for $25,000. However, Fred repudiates before he is to take delivery. Pacific promptly resells the same boat to Shirley Walker for $25,500. At the time of the resale, Pacific had at least two other identical boats on its lot. Pacific purchased the boat wholesale for $20,000. Pacific brings an action for damages for Fred's breach. Fred insists that since the same boat was resold for $500 more, Pacific does not have any damages. Is Fred correct? Why or why not? Please cite UCC to support your analysis.
After years of no change, a few years ago, we had a three phased increase in minimum wage. Now we are discussing raising it further, to $10.10 an hour Are people that work for minimum wage better off after an increase in minimum wage? How will this i..
Explain how the Heckscher-Ohlin theorem is obtained, using either the “physical” definition or the “price” (or “economic”) definition of relative factor abundance.
Which of the following can occur as a result of advertising in a monopolistically competitive market?
The players are needed to simultaneously and independently select positive numbers. Find out the Nash equilibrium of this game.
Was Carly Fiorina treated fairly by the Board? Why or why not? Did gender play any role in the outcome?
For each of the following cases, calculate the arc price elasticity of demand and state Wethersfield demand is elastic, inelastic or unit elastic
Elucidate why does a starbucks coffeehouse face a downward sloping demand curve, while a wheat farmer faces a horizontal demand curve.
Usually, we think of cheating as a bad thing. But in the chapter about oligopolies, we learned that cheating turns out to be a very good thing in some important
'Unlike a fixed exchange rate regime, a surplus country will experience increasing money supply and foreign exchange reserve accumulation.
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
What is the difference between competitive industry and oligopolistic in terms of demand curve?
Assume to John Smith gets promoted to a job to cause two changes to occur simultaneously: John earns a higher wage also safer environment
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