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Scope of Services
An apartment owner has contracted for lawn mowing services for a number of apartment complexes he owns. He negotiated a price per month but the scope of services to be performed remained a bit vague. Why is he disappointed that the winning contractor provides less than the desired level of services?
Classical economic theory says there is a linkage between investment and savings. Explain the source of this linkage. What is the argument that says this link is not as strong as classical economists believe? (Hint: Differentiate between the parties ..
Define yield, load factor, revenue, and profit. Explain the interaction between these 4 variables (for example, if an airline raises prices in an attempt to increase revenue, what is the likely effect on yield?).
The Discount Partnership is being liquidated. The current balance sheet is shown here. Discount Partnership Balance Sheet January 14, 2008. Prepare a schedule of partnership liquidation for each of the following three independent cases.
Price/Output Determination. Columbia Cars Inc., a rapidly expanding new entrant to this metropolitan area, is considering two proposals for the provision of its cosmetic detailing of cars (washing, waxing, polishing, engine cleaning, etc.). First, a ..
Briefly discuss the current poverty numbers in the U.S. What can we expect welfare policy to look like in the future? Need references with statistics; Please no copy and paste and please no plagiarism.
America is a very violent country, compared to countries like Great Britain and India. How do the theoretical explanations for aggression help explain this? How do the ideas of conformity, compliance, and obedience tie into this discussion?
Consider an economy with a representative consumer, a representative firm and a government. The consumer owns K unit of capital that she can rent to the firms at a price r, and can work for up to h hours at an hourly rate of w. efine an equilibrium f..
Two firms, A and B, are situated next to a lake, and it costs each firm €1,500 per period to use filters that avoid polluting the lake. However, each firm must use the lake's water in production, so it is also costly to have a polluted lake. Suppose ..
The Fall of Rome has been attributed to all of the following except
How might the business be structured? What might be some of the legal issues that could arise in operating the business and selling the product? What are some of the agreements that might be needed?
Jerry receives utility from days spent traveling on vacation domestically (D) and days spent traveling in a foreign country (F) as given by the utility U(D,F)=DF. Find the marginal utility of domestic travel and foreign travel. Using the marginal uti..
Calculate the price elasticity of gasoline. Calculate the price elasticity of demand for gasoline. Calculate the elasticity of supply using the information provided. Calculate the changes in consumer and producer surplus. Because there is no viable s..
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