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Assume that a strong tradition of no damages for a party who "comes to the nuisance" exists in your jurisdiction. Also, time has been turned back so that neither the factory nor the housing development presently exist; the developmental conditions of the area are not yet really ripe for such activities. Will the "comes to the nuisance" rule affect the pace and pattern of development? Is there anything objectionable about the behavior potentially motivated by a "comes to the nuisance" rule? [Hint: The rule in question sets up a "race" for valuable legal rights. Is this race costless? Might society arguably be "better off" if the rights were allocated in some other way? When is it worth paying the costs of having the race?]
The St. Sebastian system is considering becoming certified as an Accountable Care Organization (ACO). A national pay or with a Medicare Advantage (MA) plan in your market has recently approached your system with a proposal for a new contract that giv..
Management and a labor union are bargaining over how much of a $50 surplus to give to the union. The $50 is divisible up to one cent. The players have one-shot to reach an agreement.
Based on a Gartner Research study done in 2013, NetSuite had the fastest growth rate out of the top 10 financial management systems vendors. Which of the following top 10 vendors had the slowest growth rate? Microsoft SAP Workday Oracle Sage
A consumer has a monthly income of 1000 dollar that he allocates among two goods: food and clothing. Suppose the price of clothing is pC = 50 and the price of food is pF = 20. Illustrate the various combinations of food and clothing the consumer coul..
Assume that the market for wheat is perfect competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by TC = 1+Q+Q2 , which results in marginal cost of MC = 1+2Q. What..
According to the innovation theory of profit, above-normal profits are necessary to compensate the owners of the firm for the risk they assume when making their investments.
What are the main reasons for the existence of financial intermediaries? Define asymmetric information. What is the Asymmetric information problem of lending? Discuss the adverse selection and moral hazard problems of lending.
A firm has two production processes with the following marginal cost curves:
In his 1962 book "Economic Development," Galbraith presents eight assumptions about the causes of poverty. What are the eight assumptions?
Net income=5,000, depreciation=2,500, increase in deferred tax liabilities=500, decrease in accounts receivables=2,000, increase in inventories=9,000, decrease in accounts payable=5,000, increase in liabilities=1,000, increase in property & equipment..
Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.
What about 60 airplanes and 60 buses. Illustrate what can be said about the utilization of resources when 20 airplanes and 20 buses are produced.
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