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Becca is a purchasing agent for Cable & Wire Corporation. Doyle, a Cable & Wire corporate officer, gives Becca written authority to buy for the firm as much copper as necessary. The next day, Doyle calls Becca and tells her to buy only a certain quantity of copper and no more. Becca shows the written authority to Earthbound Resources, Inc., and enters into a contract to buy more than the quantity specified by Doyle. Earthbound Resources ships the order to Cable & Wire. Is Cable & Wire liable to Earthbound Resources under the contract? Is Becca liable? In each case, if so, why? If not, why not??
(a) Report and summarize at least two articles to justify your views. (b) Discuss three negative aspects of perfect competition.
For each of the following scenarios, determine the effect on aggregate supply. 1) There is an unexpected decrease in oil prices. a)This will cause an increase in aggregate supply, shifting the aggregate supply curve to the right.
The newspaper says, on average, people drink A cups of water everyday. You don't believe the number and go out collecting a random sample of 36 people. The average is 3.8 cups. Assume sigma = 2. Perform a test of significance using alpha = 0.05.
Explain how an economist builds the foundation for their thinking about urban economics and, please give a couple of examples. Explain and disscuss the econimic principles behind the development of a city.
In general, correcting income distribution data for taxes and transfer payments results in:
Imagine yourself as an HR Manager responsible for administering performance appraisals. Which performance appraisal error would you most likely commit?
The market demand for a gallon of ice-cream is P = 10 - .05Q. The producer wants to produce where the elasticity of demand is unity. What price should they charge and what quantity should be sold to achieve this goal?
A project has projected cash flows of -$148,500, $32,800, $64,200, -$7,500 and $87,300 for years 0 to 4, respectively. Should this project be accepted based on the combination approach to the modified internal rate of return if both the discount rate..
Automobile Insurance Antonio Munoz and Jacinto Segura won some money from two unidentified men in a craps game in a Los Angeles park. When Munoz and Segura left the park in Segura’s car, the two men followed them in another car. What is the Rule, App..
the demand curve to which the result pertains (it is: “the demand curve for McDonald’s hamburgers”). whether the result involves “moving along” the demand curve or “shifting” the demand curve. What happens to the demand for McDonald’s hamburgers when..
Why do you think it is that few cities have converted their buses to natural gas? We have many cities that run all or most public vehicles on natural gas. Natural gas burns clean and has cleaner emissions. Is there a reason that all of our cities hav..
The publisher of an online Economics Primer course is trying to sell the primer to a group of MBA students and a group of EMBA students in the US. The maximum willingness to pay for the primer in each group of students as well as the number of studen..
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