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John offers to sell Mary his refrigerator for $1000 cash payment due by April 1 2016. The refrigerator to be tendered to Mary upon payment. Mary says to John that she agrees. Is this a legally enforceable contract under the common law? Would the Statute of Frauds have any effect?
Vera source Microprocessor Corporation (VMC) sells 2000 specialized computer processing chips each month at a price of $1,500 each. Variable costs amount to $1,500,000, and fixed costs are $500,000. Currently the company has a defect rate of 8 percen..
Suppose there are two types of shirts available to Carl: red shirts and black shirts Carl is always willing to exchange three black shirts for one red shirt. Draw several indifference curves to illustrate Carl's preferences. Are Carl's preferences co..
Why might EMS provisions for the extension of central bank credits from strong-to weak-currency members have increased the stability of EMS exchange rates? Why would the failure to create a unified EU labor market be particularly harmful to the prosp..
The utility is given byu(x, y) = xy + y. What are the demand functions for x and y. Describe how demand curves for x and y are shifted by changes in I or the price of the other good.
One reason for raising interest rates was the prospect of a refinancing issue: a $12 billion issue matures April 1, and the government is expected to seek some new money, in excess of its refinancing needs. Why doesn't the government get the central ..
Derive and explain the derivation of a production possibility curve. Show how it is possible to have actual GDP above "potential GDP." What is potential GDP?
Health capital decisions: What would happen to desired level of health capital if there is an increase in educational attainment? Please use the “supply and demand” type graph. Make sure to explain the graph and answer fully.
decide how line is too long and leave without getting into line. Assume that no car that actually chooses to enter line leaves without service.
Consider a hypothetical economy without government or international trade. Households spend $0.90 of each additional dollar they earn and save the remaining $0.10. Even when they have no income, they spend $100 in total. Calculate the current equilib..
What does Cohen feel is the social responsibility of a business to its workers, stakeholders, and society as a whole and how does this perspective align with that of Drucker?
While waiting for their buses to leave, they decide to browse your school bookstore and buy some items that catch their eye. How would this affect the store’s inventories?
Using production theory, explain illustrate what will take place to the capital- labor ratio in both the short-run also the long run.
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