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Class action lawsuits allows numerous individuals to collective sue a large company. Typically the gains from such lawsuits are minimal but large numbers of people decide to sign up after a settlement is reached. If individuals were required to sign up for such lawsuits in advance of the settlement, would the payouts to differ? Would such a rule cause the number of such lawsuits to increase or decrease (and why)? What is the impact of such lawsuits on the prices that we are charged by manufacturers?
Thomas works in a non-military operation of a large operation that does both non-military and military goods. This company discontinued the production of non-military goods and transferred Thomas to a plant that produced military goods. He was denied..
Your wealthy professor would like to live in a golfing community. A house is for sale in Greenbryer. The purchase price is $899,900. Assume that your professor is willing to pay the full asking price. The bank loves to make loans to professors and ha..
Bell would not allow independents to use his long distance network. What was the government action?
Name a specific event to be expected to cause the equilibrium price of ice cream to increase.
Write a 750 word response to the topic: "List some of the advantages and disadvantages of building a system from the ground up using traditional and agile methodologies. If given a choice between the two options, which criteria would you use to ch..
Why do economists insist on emphasizing the difference between money and income? Why is this difference important in macroeconomics?
Is HSBC Global Corporation, Multi Domestic Corporation or borderless organization for its business in Japan? While HSBC claims that it is the world’s local bank, can it become a local bank in Japan? What should HSBC have done before they considered a..
Part 1: Much the same as for the project scope, the selection of a system architecture is a critical moment. Once decided and acted upon, a reversal of decision is not easily accomplished. Please respond to all of the following prompts:
A large city has nearly 500 restaurants, with new ones entering regularly as the population grows. The city decides to limit the number of restaurant licenses to 500. Which characteristics of this market are consistent with perfect competition and wh..
Suppose that the government imposed a $1 tax each time someone used an ATM. How would this tax affect output and the price level in the short and long run?
Assume that the production of lollipops is one of fixed proportions. To produce one case of lollipops, it takes 0.5 person-hours and 1 machine-hour. Assume that the hourly wage rate is $9, and the hourly rental rate is $25. Draw the expansion path fo..
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
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