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A intended to sell a plane to B. In his offer, A stated "Confirm sale of a plane. Please send 5000 pounds by telegraphic transfer." B emailed back "Confirm purchase of your plane, change of method of payment to L/C, other terms and conditions the same." A did not reply and sold the plane to another buyer at a higher price. Disagreement occurred between the two parties on whether the contract was concluded effectively. Was the contract concluded? Why?
What is the forward rate between year 2 and 3 (percentage point, continuously compounded, round to second decimal place)?
Suppose I borrow $200,000 for one year at a fixed nominal interest rate of 7 percent. What is my nominal repayment next year? Inflation increased enexpectedly during the 1970s. Explain why this helped someone who bought a house using a 30-year mortg..
“A good trader with a bad model can beat a bad trader with a good model.” Critique MG’s failure with reference to normal backwardation model. Be very specific in pointing out what normal backwardation model entails and what MG did. Describe the proce..
Suppose the demand for lychees is given by the following equation: Qd =4000–100P+500PM, where P is the price of lychees and PM is the price of mangoes. What happens to the demand for lychees when the price of mangoes goes up? Are lychees and mangoes ..
The time to failure for a continuous-operation monitoring device of air quality has uniform distribution over a 24-hour day
Crude oil is an energy source that is integral to production processes across the economy. However, over the last two decades
Demand in a perfectly competitive market is Q = 100 - P . Supply in that market is Q = P - 10.
Why is personalization becoming an important element in EC? What techniques can be to learn about consumer behavior? How can it be used to facilitate customer service? Give an example
You have been asked to discuss the differences between the microeconomic definitions of supply and demand and the macroeconomic differences of aggregate supply and demand. Discuss what determines supply and demand and aggregate supply and aggregate d..
Consider two neighbouring island countries called Bertland and Ernamia. They each have 4 million labor hours available per week that they can use to produce wheat, clothing, or a combination of both. The table below shows the amount of wheat or cloth..
Which of the following value chain activities is unlikely to be a primary building block in a company's organizational structure:
Explain the link between the aggregate supply curve and the Phillip's curve. If the natural rate of unemployment falls, how will this affect the Phillip's curve?
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