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Scenario: Your partner and you have met with your property insurance agent for an annual insurance policy review. Your partner asks why you have to pay so much for liability insurance. What would you tell your partner about liability and negligence issues?
You must include:
One original post containing:
An explanation of various negligence issues and responsibilities
A description of basic liability concerns and tort liability issues
Consider a market with inverse demand P(Q) = ab-Q. Assume there are two firms each with cost function C(q) = cq^2 . Find the Cournot equilibrium output per firm, and the Cournot price. Compute the equilibrium profit per firm. Calculate the Cournot so..
Exchange: Anna’s utility function is UA(x 1 A, x2 A) = x 1 A + 2p x 2 A, while Bailey’s utility function is UB(x 1 B, x2 B) = x 1 B + 4p x 2 B, where the superscript indicates the good and the subscript names the person. Anna’s initial endowment of g..
In the middle of the Great Depression, President Herbert Hoover tried to balance the federal budget. This involved both rasing taxes and lowering government purchases. Using a Keynesian 45 model, Graphing and explain the effect of each of changes on ..
Suppose the equilibrium price for a life-saving surgical procedure (inelastic demand) is initially $10,000. Now suppose that a law is passed which requires hospitals (the suppliers of the surgical procedure) to pay a $1,000 per-unit excise tax on eac..
Explain the forces that drove Mittal Steel to start expanding across national borders, including a history of Mittal Steel.
Suppose there are two types of workers, “stars” and “everyone else” and both of them would like jobs at investment banks like SG Cowen. Productivity equals 100,000 for the stars, and 50,000 for everyone else. 80 percent of workers in the population a..
The city of Spillsville is worried that its municipal landfill is going to fill up. As a result, the city's sanitation engineer has proposed three solutions: Require each household to reduce its garbage disposal by 100 pounds per month.
Explain why the general level of incomes is high in the united states also other industrially advanced.
The service a homeowner performs when she Moser yard is not included in GDP because
Suppose in the first quarter of the year, Real GDP was $400 billion; in the second quarter it was $398 billion; in the third quarter it was $399 billion; and in the fourth quarter it was $395 billion. Has there been a recession? Briefly explain how e..
The demand for good X is given by QXd = 6,000 - (1/2)PX - PY + 9PZ + (1/10)M Research shows that the prices of related goods are given by Py = $6,500 and Pz = $100, while the average income of individuals consuming this product is M = $70,000. Determ..
Explain what types of biases arise in the different approaches to understanding consumer demand and behavior.
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