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1. Parties to a contract should have and understanding of what they are undertaking—a meeting of the minds. Provide an example of two parties who have reached such a clear understanding.
2. The law needs that the parties be competent to enter into a contract. Give an example of a party who lacks competence.
three years ago you earned 2000 working as a lifeguard. you.depositsed the money in a bank that paidsimple interest of
youve developed a very popular up-scale but reasonably priced clothing fashion line for young people. you produce
What agreements are integral parts of the WTO and what issues do these address?
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope.
Describe the behavior of consumption, investment, labor, productivity, wages, the price level and the money supply over the business cycle both in terms of correlation, magnitude and lead vs lag. Give the economic intuition of the results on consu..
Based on the demand curve above what is the relationship between good X and good Y?
If the government imposes a $1 per-unit tax, how do the marginal, average total, and average variable costs change? What if instead the government imposes a $100 per-firm tax?
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Alice and Bob survive on hamburgers and salads. Alice's utility function
A firm’s costs are 500 when output is 100. If the TC function is linear and fixed cost (FC) are 200, find the marginal cost when Q = 4, 5 and 6.
the federal reserve controls monetary policy give an example of how they would use this policy to help fix the economy
Suppose that the allocatively efficient output level in long-run equilibrium is 210 meals. Is the deadweight loss for this firm greater than or less than $60?
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