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After leaving his car in an unauthorized place, Smith went for dinner with friends in a nearby restaurant. When he was back, he noticed that his car had been hit and damaged by another car which, nonetheless, was properly parked in authorized place next to Smith's car.
Suppose the second car's owner sued Smith for the damage caused to his car because of the improper parking of Smith's car. What do you think the court will rule? Why?
Suppose, instead, Smith sued the second car's owner for negligence causing damage to Smith's car. What do y
If the price elasticity of demand for used cars priced between $4,000 and $6,000 is -1.2 (using the mid-point method), what will be the percent change in quantity demanded when the price of a used car falls from $6,000 to $4,000?
If a competing cinema reduced its prices by 10%, how would you expect this action to affect demand at Crown? How should the cinema determine an optimal ticket price?
The wage elasticity of labor supply for men aged 18-25 is measured to be 0.3. Within this group, the average weekly wage of the high school graduates is 2/3 the amount of college graduates. Assume that wage elasticity and all other individual charact..
What is the price paid by consumer and producers before the tax and after the tax?
What is the particular form of money (M1,M2, etc.) that would be the smallest measure that includes the type of money described in the article. (For example, if the article is about cash, write "M1." Although all other forms of money include cash, M1..
What checks and balances are required for these three levels after Americas latest mortgage meltdown?
q1. if the us economy is operating near full employment and the exchange rate increases the dollar appreciates explain
Jessica will live for two periods. She is only able to work in the first period, when she earns $100. The interest rate between the first and second period is r, meaning that if she saves X in the first period she can consume X(1+r) in the second. As..
What connection does that Bible story and Dylan's song have with ethics and the so-called "Divine Command Theory" as espoused by Euthyphro? How might it be possible for a person who is an atheist or an agnostic to live by yet another version of the D..
Consider the equation: NX = S + (T-G) - I, afterwards, determine what happens to: Trade balance, public saving, private saving, and investment with respect to the following cases: Government Spending Increases. Foreign Output Increases. Simultaneous ..
Euclid acquires a 7-year class asset on May 9, 2015, for $80,000. Euclid does not elect immediate expensing fewer than 179. She does not claim any available additional first-year depreciation. Calculate Euclid's cost recovery deduction for 2015 and 2..
It is believed that education provides a positive externality (i.e. an external benefit) to society that would not be exhibited in a free market for education.
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