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You are an appellate judge. The issue on appeal is whether the appropriate ruling is to grant expectations, reliance or restitution damages for a particular type of breach of contract. What is important? That is, what do you look for when making your decision?
Texas Instruments the early period of the industry decided to price its semiconductors below production costs the decision increased sales but resulted in near- term reduction in profits. Why did TI make the decision. What were the long term implicat..
Maria is a hostess at a local restaurant. When she earned $8 per hour, she worked 35 hours per week. When her wage increased to $10 per hour, she decided to work 40 hours. However, when her wage increased again to $12 per hour, she decided to cut bac..
Consider a society with three individuals deciding whether or not to build a bridge. Adam and Bob get 5 utils from building the bridge, and Cathy gets -20 utils. Does the Median Voter Theorem predict the bridge gets built? Suppose individuals can lob..
ABC has a proposed project which will generate sales of 182 units at a selling price of $351 each. The fixed costs are $20,028 and the variable costs per unit are $79. The project requires $176,917 of machinery which will be depreciated on a straight..
Find the level of output with the help of calculus, Qrmax, where total revenue reaches its maximum value.
What are the social and global economic impacts on health care in the present day relating to budgetary cuts from the various levels of government (local, state, and federal)?
What are the marginal propensity to consume (MPC) and marginal propensity to save (MPS)? How are the two concepts related? How are the two concepts related to the consumption and saving functions? What is the effect of net exports, either positive or..
The various estates in land described by the author of your text in Chapter 3 arose mostly out of the struggle between the English Crown’s need for revenue and the efforts of the holders of the land to avoid taxes. Are these estates useful in this da..
Predict what will happen to the price and quantity of tennis ball if the price of tennis racket falls and, at the same time, the government mandates that tennis ball manufacturers use more expensive plastics in tennis ball construction.
What is the underground economy? How does it affect GDP calculations? Provide three examples of underground economy transactions
Some people will argue against using either monetary or fiscal policy, instead supporting a laissez-faire approach to the economy. The well-known economist Milton Friedman, for example, believed in the permanent income hypothesis and was also a monet..
Are there individuals who choose not to be covered by health insurance; and why? Why medical insurance require copays? Are they necessary? How are they determined? What's the reasons for having health insurance coverage? Are different levels to healt..
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