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Thompson's house was destroyed by fire and claims were filed with the insurance company. The insurance company (insurer) hired Cannon to investigate the fire as it was suspicious about the cause. Subsequently, the insurer denied the claims based on Cannon's report. Thompson sued the insurer and Cannon. Thompson claimed to be a third party beneficiary of the Cannon-insurer contract.
Question 1: Is Thompson correct? If not, what type of beneficiary is he and why?
It is said that the upper income brackets tend to have a lower MPC than the middle or lower classes. How then is a tax cut given to the very wealthy likely to create jobs and economic expansion? Explain.
Suppose that an industry has six firms with market shares. % MARKET SHARES Firm ADerive the HHI. Suppose firms C and D propose a merger. Derive post-merger HHI. Might this merger be challenged under the horizontal merger guidelines?
There are several ways that mutual funds can generate returns for investors. Compare and evaluate these different types of income and evaluate their tax effect.
What two conditions are required for effective competition in a market? How does competition limit the abuse of economic power by self-interested individual buyers or sellers?
Econ 2105- Macroeconomics Current Events Analysis Portfolio - determine the stage of the business cycle that the U.S. is currently experiencing
What does the TPI show? Why are weights used in the calculation of the RPI? The response must be typed, single spaced.
What is the American Dream and what is the economics of the American Dream? What are the numbers for other countries?
Illustrate what are the long-run effects on prices, output, and profits in monopolistic and monopolistically competitive industries.
Distinguish between real and nominal interest rates and shown that how they are determined also explain connection
ECO5000 Assignment, What is effect on producer surplus, and consumer surplus from practice of price discrimination? Explain what direct price discrimination is
Derive the capital/labor ratio of tomorrow as a function capital/labor ratio of today.
What are the methods or basic concepts of describing project risk? Explain the definitions and brief ideas of each method (The answer should be between 150-200 words).
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