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1. Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard. Kelly is a(n)
offeree.
offeror.
promisee.
contractor.
2. When Jeff's car breaks down, he asks Insta-Tow, Inc., to tow it to Huey's Repair Shop. There is no discussion of a price, and Jeff and Insta-Tow do not sign any documents. Later, Insta-Tow sends Jeff a bill. With respect to Jeff's obligation to pay the bill, this is
an express contract.
an implied contract.
an implied-in-law contract.
no contract.
3. Livewire Company and McCoy's Candy, Inc., sign a document that states Livewire agrees to design a Web page for McCoy's, which agrees to pay for the service. This is
an actual contract.
a fictional contract.
a quasi contract.
At what level must be a ceiling price imposed upon the monopolist's market to cause the monopolist to supply the efficient quantity supplied?
If farmers were to decry the effect of this new technology on the price of milk and lobby government to set the price of milk at the price before the invention, elucidate the result.
Illustrate what new decision will you make regarding production levels and pricing for your Widget facility.
estimating elasticity of demand please respond to the followingfrom the e-activity analyze the elasticity of demand for
How would you elucidate the impact of each of the following events on a production possibilities curve for factory and farm goods (you don't need to draw a graph, just describe what would change).
What warnings with you give forecasters in using statistical demand equations for estimating consumer demand? How can the problems associated with using static equations in a dynamic world best be dealt with? Elaborate
If your wealth is held as currency or checking accounts, or other assets that you can convert to money on the short notice, your assets are considered to be?
Some economists and policymakers argue in favor of replacing the current income tax in the USA with consumption tax. What are your opinions on the issue? How do think such change impacts your income and expenditure pattern? Which tax methods do you p..
q1. when betsy goes to make her list for tomorrow she is upset that she didnt get everything done. in a well-written
Illustrate that the tax be acceptable in spite of the deadweight loss. What tax revenue will be generated.
In standard macro model, it is usually time preference that causes positive interest rate. But is there anything to do with risk aversion of utility function that causes existence of positive interest rate?
q. assume you are a typical consumer and expect to work for 40 years from this point onward and to live for 10 years
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