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The rule established by the Hadley case is "when damages are awarded, compensation can only be awarded for injuries that the defendant could reasonably have forseen as a probable result of the usual course of events following a breach." If a Web Merchant loses business due to a computer system's failure that can be attributed to malfunctioning software, can the merchant recover the lost profits from the software maker?
After 17 vehicular accidents two years ago in a given intersection, the mayor of Boulder proposed to reduce the number of crashes by making improvements at the intersection.
Currently, the island of Guam does not have a minimum wage need but uses the United States minimum wage as a reference. Give a theoretical justification for why imposition of a $5.15 minimum wage.
A civil engineer involved in construction management must decide between two ways to pump concrete up to the top floors of seven story office building under construction. Plan 1 requires the purchase of equipment for $6000 which costs between $0...
The government imposes a fixed fee per year on each firm operating in a competitive market.
Let us say that an economy has a consumption function given by C = 900 + 0.9Yd where Yd is the disposable income. There is a lump-sum tax of 90. Investment level is autonomous at 400 and government spending is also constant at 600.
Some states have had laws limiting the sale of most goods on Sunday. Most customers oppose these laws because they discover Sunday afternoon a good time to shop,
In the model of a dominant company, assume that the fringe supply curve is given through Q = -1 + 0.2P, where P is market price and Q is output. Demand is given by Q = 11 - P.
Keynes describws that the level of output and employment in the economy was determined by aggregate demand or effective demand.
The "club" makes it difficult for a car thief to take your car. Lojack makes it easier for the police to catch the car thief who has stolen it.which one conveys a positive externality.
Describe the neoclassical theory of economic growth. Then explain how the neoclassical theory is impacted by research about endogenous technological changes and increasing marginal returns.
Discuss and explain the reasons why net income for a particular period does not necessarily reflect a firm's cash flow during that same period.
The data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
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