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Richtone Design Group LLC (Richtone) is a New York limited liability company (LLC) that owns the copyright to the Pilates Teacher Training Manual and licenses fitness instructors to teach pilates exercise programs. Live Siri Art, Inc. is a California corporation owned by Siri Galliano. Richtone learned that Live Siri Art and Galliano were selling the pilates manual over a website for profit without permission. They sold several copies of the manual to New York residents, making only about $ 1,000 in sales in New York from 2000 to 2012. Defendants have no office, property, or bank accounts in New York. Richtone brought a copyright infringement lawsuit against Live Siri Art and Galliano in U. S. district court in New York, alleging that the defendants were subject to personal jurisdiction in New York based on New York’s long arm statute. The defendants Live Siri Art and Galliano defended, alleging that they were not subject to suit in New York because they were residents of California, that they did not have the requisite minimum contacts with New York to be subject to suit in that state, and that to make them defend the lawsuit in New York violated their due process rights. The defendants made a motion to dismiss the New York lawsuit based on lack of personal jurisdiction. Are the defendants subject to lawsuit in New York? Richtone Design Group, LLC v. Live Art, Inc., 2013 U. S. Dist. Lexis 157781 (United States District Court for the Southern District of New York, 2013)
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
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Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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