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D. Wayans Automotive called C. E. Reeves Automotive Supplier
D. Wayans Automotive called C. E. Reeves Automotive Suppliers and ordered a case of windshield wipers for $4,000 with the terms of the contract/order being 3/10, n/30 FOB Shipping Point.
The case of wipers were shipped and neither company paid for shipping insurance on the items. Two days later as the wipers were being transported through town the delivery truck was involved in an automobile accident and subsequently caught fire with all the contents inside being destroyed.
Upon finding that his wipers were among those in the accident, Wayans called Reeves and demanded that Reeves replace their lost wipers. Which would you say is the correct/legal stance that Reeves could take concerning this sticky situation?
Graph the isoquant that these calculations imply. Explain in very clear and complete terms why the isoquant has the shape that you observe.
Discuss why the same types of problems may exist in government as well, where elected officials are the agents and voters are the principals.
Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?
Write down an equations for total revenue and marginal revenue.
Identify trends or other patterns in inflation within the an economy of your choice over the last five years using quarterly data from the Central Bank or other Government based Statistical agency websites as a source.
If the price of manufactured goods rises to $6 bushel (a rise of 50%), the parity price of corn as well rises by 50% - to $4.50 in this hypothetical example.
Explain how does the Federal Reserve accomplish these goals.
From the regression output, estimate the demand function when income is $40,000 and price is $2 per gallon. Explain the result in terms of R-square, T-test, F-statistic, and signs of each X variables.
There has been some speculation that tax deductions like as the one allowed for interest on home mortgages will be eliminated or altered.
Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.
Assume an economy in which the reserve ratio is 15 percent, people hold 10 percent of their deposits in the form of cash, and there are no other leakages.
Elucidate the price elasticity of demand for Coca-Cola greater than the price elasticity of demand for soft drinks generally.
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