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The case of Kerr S. S. Co. v. Radio Corp. of America (245 N.Y. 284, 157 N.E. 140, 1927) concerned a message sent by the plaintiff to its affiliate in the Philippines regarding the loading of a ship with cargo. The message was sent in code to prevent its competitors from reading it. The defendant, however, negligently failed to send the message, costing the plaintiff nearly $7,000, which it sought in damages. The defendant countered that it should only be liable for $27, the cost of sending the message. Under what conditions, if any, should the plaintiff recover the $7,000? What case should the court invoke as precedent in making its decision?
The joint probability distribution on the returns of two securities X and Y is demonstrate in the table below.
You toss independently a fair coin and you count the number of tosses until the first tail appears. If this number is n, you receive 2n dollars. What is the expected amount that you will receive? How much would you be willing to pay to play this g..
Suppose Chemical Bank makes a loan of $100,000 to Al. Al uses the loan to buy a house from Bob, and Bob deposits Al's check into his account at Citibank. Show what happens at each stage of this process to the deposit liabilities
Assume that savings are invested at the end of each calendar year. Assume that during your working life you earn a return of 8% per year, and that when you retire at age 65 you move your assets into more conservative investments and earn a return ..
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result.
Which condition will lower the activation energy the most?
One final point: In Samuelson's example, Chinese technological progress makes the United States worse off by eliminating trade between the two countries! Since what we actually see is rapidly growing China-U.S. trade, it's hard to find much of a r..
What are the exogenous variables in the two equations above? what are the endogenous variables
Assume that 60 students take a triangle test with Coke and Pepsi. Each student taste three glasses where two drinks are identical. The students have to find out which of the three glasses contains the different drink.
When estimating a demand function, explain why fitting a line of best fit through observed price and quantity combinations over time is not likely to yield good estimates.
Catalytic converters are required on all new cars to reduce tailpipe emissions. Explain how this technology could have a beneficial impact in the short run but a less beneficial impact in the long run.
a bank is offering to sell 6-month certificates of deposit for $9500. At the end of the 6 months, the bank will pay $10000 to the certificate owner. based on a 6-month interest period, compute the nominal annual interest rate and the effective ann..
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