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1. Assume that the high costs of performing cause the promisor to breach a contract and pay perfect expectation damages to the promisee. Would the promisee have preferred that the promisor perform?
2. Explain the gain in total payoffs from allowing the promisor to breach and pay expectation damages when performing is efficient.
What is the Federal Reserve (Fed) all about Which Federal Reserve District Bank is closest to you Who is the current Chairman of the Fed Should the Fed remain independent from political authority or should the President and Congress have a say in ..
suppose there are nine sellers and nine buyers each willing to buy or sell one unit of a good with values 10 9 8 7 6 5
The price elasticity of demand for long-distance call.
Presume that the representative consumer’s preferences change, in that his/her marginal rate of substitution of leisure for consumption increases for any quantities of leisure and consumption. Describe what this change in preferences means in more in..
question 1. consider toms labor supply decision. tom can earn 15 per hour but he faces a 20 tax rate and pays 4 per
A random sample of 121 students admitted to the top universities in the year 2009 shows a mean high school GPA of 3.57. The population standard deviation in GPA of students admitted to top universities is known to be 0.28.
Presume the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.7 and a typical gasoline retailer enjoys sales of $1,450,000 yearly. What is the price elasticity of demand for a representative gasoline retaile..
questiona let the utility function be u logx - l where l is labour and x is consumption. find the level of labour
Levi Strauss successfully markets Levi jeans on the History channel as a way for older men to stay young forever. What will happen in the jeans market ceteris paribus?
give the definitions for marginal rate of substitution mrs and the price ratio. then explain them in your own words
The demand curve for the perfect competitor is horizontal because. For each example below, identify which statement is not characteristic of a perfectly competitive industry.
explain why the aggregate supply curve is vertical in a graph with the price level on the vertical axis and real gdp on
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