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AOL, LCC, mistakenly made public and personal information of 650,000 of its members. The members filed a suit, alleging violations of California law. AOL ask the court to dismiss the suit on the basis of a “forum-selection” clause in its member agreement that designates Virginia court as the place where member’s disputes will be tried. Under a decision of the United States Supreme Court, a forum- selection clause in unenforceable “if enforcement would contravene a strong public policy of the forum in which suit is bought.” California courts have declared in other cases that the AOL clause contravenes a strong public policy. If the court apples the doctrine of stare decisis, will it dismiss the suit?
a. What is the after-tax present worth of the car? b. What is the Equivalent Annual Cost (EAC) of the car in its first year?
A bond that pays interest forever and has no maturity is a perpetual bond. In what respect is aperpetual bond similar to a no-growth common stock? Are there preferred stocks that areevaluated similarly to perpetual bonds and other preferred issues th..
In the northeast US and in eastern Canada, many citizens heat their homes with heating oil. Suppose you are one of these people, and you are expecting a cold winter, so you are considering your heating oil requirements for the season.
What are monopolist's profit maximizing output and price. What is resulting deadweight loss relative to competitive outcome. Suppose government levies a specific tax of $5 per dose on monopolist.
Contrast comparative and absolute advantage. Is it possible for a country to have a comparative advantage in producing a good without also having an absolute advantage? Explain.
The real value of money _____ as the price level falls
When the monopolistically competitive firm lowers price from $16 to $12, elucidate how much does total revenue change.
Demand and Supply of Rolls of Film - Assignment The table below shows the demand and supply schedules for rolls of film. Price Quantity demanded Quantity supplied ($ per roll) (rolls per week) (rolls per week) 2.00 3,000 1,000 3.00 2,500 1,500 4.00 2..
The concept of utility makes it possible to calculate: how much monetary value a consumer gets from a good. which of two bundles gives a consumer more utility.
Assume that a painter produces 20 paintings this year and 20 paintings next year. What is the annual change in nominal GPD if the price of paintings rises from $1,000 this year to $1,500 next year? Can you conclude that the economy grew from this yea..
If Malcolm Fights, both politicians gets a payoff of 30. If Malcolm opts to Negotiate, the payoffs are 15 to Malcolm and 15 to Tony. What are the Nash equilibria of the game?
You have $1,000, which you can invest in a risk-free investment, earning 2% with certainty. Alternatively, you can invest in a project that has a 30% chance of losing $500, and a 70% chance of gaining $400. What is your expected wealth with each inve..
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