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Mackey orders from Pride one thousand cases of Greenie brand peas from lot A at list price to be shipped F.O.B. Pride’s city via Fast Freight Lines. Pride receives the order and immediately sends Mackey an acceptance of the order with a promise to ship promptly. Pride later separates the one thousand cases of Greenie peas and prints Mackey’s name and address on each case.The peas are placed on Pride’s dock, and Fast Freight is notified to pick up the shipment. The night before the pickup by Fast Freight, through no fault of Pride’s, a fire destroys the one thousand cases of peas. Pride claims that title passed to Mackey at the time the contract was made and that risk of loss passed to Mackey when the goods were marked with Mackey’s name and address. Discuss Pride’s contentions.
We can modify the inter period allocation model to deal with the issue of intergenerational allocation of resources. Suppose a generation is thirty-five, and we are concerned with only two generations. Demand and supply functions for oil in the prese..
Explain how industrial regulation affects the market and the entities affected by industrial regulation in terms of market structure.
The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs take one hours (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000). Does this produ..
individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry in Australia from this list and discuss the reforms been done in that industry.
for each of the following describe some of the potential opportunity costsa. studying for your economics testb.
Which of the following is explained by the price elasticity of demand for a product?
State Explain how IKEAs expansion has reenergized mature markets around the world also changed the competitive situation.
Demand and Supply Curves. Demand and supply condition in the market for unskilled labor are important concerns to business and government decision makers. Consider the case of a federally mandated minimum wage set above the equilibrium, or market cle..
demand for its tennis balls by using the subsequent linear specification
Suppose there is a policy debate regarding the United States imposing trade restrictions on imported steel rods: The president of the United States argues that the United States should threaten to impose a tariff on Chinese steel rods in order to ind..
q1. in the absence of a price floor the maximum price that a few of the consumers are willing to pay is 0.20 for a
Identifying and shaping public opinion has become a major goal of campaigns and elections. Identify and discuss the process by which people develop their political ideas. What are the four traditional agents of socialization and three additional new ..
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