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Daniel, a recent college graduate, is on his way home for the Christmas holidays from his new job. He gets caught in a snowstorm and is taken in by an elderly couple, who provide him with food and shelter. After the snowplows have cleared the roads, Daniel proceeds home. Daniel’s father, Fred is most appreciative of the elderly couple’s action and in a letter promises to pay them $500.00. The elderly couple, in need of funds, accept Fred’s offer. Then, because of a dispute between Daniel and Fred, Fred refuses to pay the elderly couple the $500.00. Discuss in detail whether the couple can hold Fred liable in contract for the services rendered to Daniel
Find out the optimal price-quantity if the firm can price discriminate but cannot charge a two part tariff.
Doing the work on paper and then writing the answers in Excel does not count as work and will earn zero points for this part of the assignment.
q1. in early2010 molly paid 200000 for a house built in 2000. she spent 30000 on new materials to remodel the house.
Find out the real rate of interest earned by Albert in each of the three years and his total real return over the three-year period. Suppose that interest earnings are reinvested each year and themselves earn interest.
Sergei is a computer programmer with a utility function equal to U=Y+120L-L . He contracts with Uber that allows him to set his own work hours; they pay him $50/hour. He has allocated himself a work-hour time budget of a maximum of 250 hours per mont..
Why it is generally not reasonable to say that a particular Pareto-efficient allocation is the most desirable allocation that can be reached.
Romer Model Consider an endogenous growth model-Use equation (2) to solve for the growth rate of technology ga Your answer should only include l, z, N. Use your answer in part (a) and A0 to write an equation that determines what At would be for any t..
The weight of anthropological, psychological, and historic evidence suggests that moral beliefs are relative to groups or individuals and there are no universal norms, let alone universally valid ones. Benedict argues that the term “morality” means “..
q.reflect on the solow growth model by means of technology given by y zfk n k12n12 its savings rate is 0.2 moreover
Suppose that you leave a job that pays $40,000/year and use $10,000 of your savings that had been earning $500/year in interest in order to start your own business. In your business, you sell 450 units at $60/unit while paying $12,000 for capital cos..
Illustrate what percentage of G1 can be mixed with G2 and still satisfy the customers. Elucidate the resulting paint cost per gallon.
In an open economy with few capital restrictions and substantial import-export trade, a rise in interest rates and a decline in the producer price index of inflation will
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