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Brown, located in Knoxville, contracted to buy sixty cases of Lovely Brand canned corn from Clark in Toledo at a contract price of $1,250. Pursuant to the contract, Clark selected and set aside sixty cases of Lovely Brand canned corn and tagged them ‘‘For Brown.’’ The contract required Clark to ship the corn to Brown via T Railroad, F.O.B. Toledo. Before Clark delivered the corn to the railroad, the sixty cases were stolen from Clark’s ware- house. a) who is liable for the loss, brown or smith? b) suppose smith had delivered the corn to the railroad in toledo, after the corn was loaded on a freight car but before the train left the yard, the car was broken open and its contents including the corn were stolen, who is liable?
Using the equi-marginal principle and the condition for consumer utility maximization, please explain the effect on the consumption of gasoline when prices increase. You may assume that the utility of money is constant.
The government often strictly regulates noise and chemical pollution by industry to overcome which market failure?
Which of the following statements is true regarding trade in agriculture? The united states exports almost 50 percent of its agriculture production. In general, governments let agriculture markets operate on free trade principle. nations do not mind ..
Explain the equilibrium price will remain unchanged, smokers will consume the same number of cigarettes. Do you agree or disagree with this view.
In the economy of UNAM in 1968 exports were $45, GDP was $570, Government Spending was $85, Investment was $29 and Imports were $2. What was UNAM's consumption in 1968?
How do legal restrictions on practice for nurses and physicians tend to affect the observed elasticity’s of substitution? Would elasticity tend to be higher if legal restrictions were removed? Would quality of care be affected?
In 2006 the CEO of Bear Sterns, James Caynes, received a compensation package of $34 million. The following year Bear Sterns cost $2.7 billion to the taxpayers. Angelo Mozilo and two other top executives were charged by the Security and Exchange Comm..
In 1776 13 colonies of Great Britain declared their independence from said country. Colonies had to determine how to make decisions for them. There were two overarching concerns when creating this new decision making system. What were they? one of th..
The prisoner's dilemma exercise assumes
In the first-order exponential smoothing model, the new forecast is equal to the old forecast plus a weighting factor (W) times the error in the most recent forecast.
Given your answer above, what is the Habsi's opportunity cost per acre. Illustrate what is the total economic cost per acre for your answer.
A stock has an expected return of 13.2 percent and a beta of 1.18, and the expected return on the market is 12.2 percent. What must the risk-free rate be?
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