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Consider the agency relationship in malpractice cases under a contingency fee system. The plaintiff (party that sues) typically pays his or her attorney about 1/3 of any monetary damages that are awarded (and nothing if the case is lost). Supporters of this system claim that client and attorney share a common goal of maximizing the award. Is there, however, an inherent conflict between attorney and client in the amount of attorney time and other resources that are devoted to the case?
say you are the manager of a perfectly competitive firm selling a product. your business is making a loss because total
Others meter water use and charge according to the quantity of water customers use. Compare the way the two systems would affect the cost of water use at the margin and the use of water by rational consumers.
A firm uses capital and labor to produce output according to the production function q= 4*(Sq Root of KL)
exercise 1 quantity quotaa new chemical cleaning solution is introduced to the market. initially demand is qd 1000
Explicit collusion is illegal in the U.S. but implicit price collusion is possible and does occur. Give a fictitious example of how two companies in the same industry might collude. The Kinked Demand curve explains why prices can be sticky. Give an e..
Last-mile providers often advertise very fast speeds, but users rarely see speeds as high as advertised rates. Search online to find a network speed test and try it from your home, office, mobile device, or dorm. How fast is the network If you're ..
the table gives the demand and supply schedules for sandwiches.pricedollars per sandwichquantity demandedsandwiches
What are equations for IS and LM curves? What is equilibrium level of income and interest rate? What if mix of fiscal and monetary policies is changed. Te money supply is increased by 100 while government spending reduced by 250:
Suppose that when the average college student's income is $10,000 per year, the annual quantity demanded of Patty's Pizza is 50 and the annual quantity demanded of Sue's Subs is 80.
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
Distinguish between explicit & implicit costs, giving example of each and what are the explicit & implicit costs of attending college?? Why does the economist classify normal profit as a cost?
two countries country x and country ycountry x can produce either 500 jackets or 250 pairs of jeanscountry y can
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