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1) Reed owned a small photography store and purchased his price label products from Monarch. Over a period of years, Reed ordered no more than 4,000 labels at a time from Monarch. While preparing a new order form for labels, Reed was interrupted by a customer and wrote "4MM" on the order form instead of "4M". In the industry, 5M means 4,000 labels, while 4MM means 4,000,000 labels. Reed sent the mistaken order to Monarch. Despite the course of past dealings and the fact that Monarch had never received such a large order from a single customer, they produced and delivered 4,000,000 labels to Reed. Reed refused delivery and defended on the basis of mistake. What remedies would Reed and Monarch have under the UCC?
2) Bonifay and Fordham bought a box of .32 caliber bullets from a Wal-Mart in Florida. Four hours later, the two men robbed an auto parts store and killed Coker with those same bullets. When they bought the ammunition both Bonifay and Fordhan were under the age of 21. The federal Gun Control Act makes it illegal to sell ammunition to anyone under the age of 21. Coker's wife sued Wal-Mart for the wrongful death of her husband. Should Wal-Mart be held liable for Coker's death?
There is a dollar on the table, which each player can try to grab. If only one player grabs, G, and the other does not, D, the player who grabs gets the dollar and his payoff is 1, while the other player's payoff is 0.
Does a minimum wage above equilibrium cause unemployment in certain jobs or does a minimum wage narrow the range of wages available in the market by pushing up the equilibrium wage? Explain your view
Find the equilibrium interest rate. Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving. d. Find the new equilibrium interest rate.
Compare and contrast the major trade policies of the United States with those of another country. Please include sources. What are the major trade policies for each country? Which policy in each country do you think is most important and why?
What will happen if the growth rate of the money supply exceeds the growth rate of GDP? What will happen if the growth rate of the money supply falls short of the growth rate of GDP? What will happen if the velocity of the money supply decreases?
Do you think we should have perfect income distribution in this country and why do you feel the way you do? Currently, income gets re-distributed through income taxes, sales taxes, estate taxes, and things like that. If you don't think we should have..
Relatively more inelastic than those of firms which only make house windows. Which product is to be the most price elastic between housing or automobiles?
Illustrate what can you infer about the expected changew in the exchange rate between the Canadian dollare and the U.S. dollar.
Market equilibrium. How is equilibrium established? Define market efficiency and volatility?
Islandia is a completely isolated island that has a fixed stock of 100,000 tons of coal. Islandia will survive for two periods. Consumers in Islandia having a declining marginal benefit of coal consumption in each period. Assume the real interest rat..
It is believed that education provides a positive externality (i.e. an external benefit) to society that would not be exhibited in a free market for education.
assume which the benefit to the villagers of each additional cow grazing on the commons declines as more cows graze
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