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What does the term “scope of employment” refer to? What is its relevance in this case? What are some of the factors courts will look to in determining whether a particular act occurred within the scope of one’s employment?
Who gets scarce resources in a market economy?
Consider an exchange economy with two prominent leaders: Romney and Bernanke. Each get utility from destroying jobs, J; and from power, P. Their utility functions are: URomney = ln(P) + 2 ln(J) UBernanke = 2ln(P) + ln(J) Their initial endowments are ..
A woman made 10 annual end-of-year purchases of $1500 worth of common stocks. The stock paid no dividends. Them after holding the stock for 5 years, she sold all the stock for $38,000. What interest rate did her investment earn?
What does the elasticity of demand for labor measure? List and describe the three determinants of this type of elasticity.
If Sally initially consumed 4 units of x and 12 units of y, how much additional utility does she get from spending one (small fraction of a) dollar more on good x? How much additional utility does she get from spending one (small fraction of a) dolla..
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
When property is disposed of, what factors influence the amount of the deductible loss? Define. What is the importance, if any, of passive activity? Compare and contrast the computational rules for deducting casualty losses on personal-use property w..
Consider a competitive industry in which each firm has the same production technology given by the production function q = K1/3L2/3, where K and L are two inputs and q is the amount of output. The unit price of K is $0.50 and the unit price of L is $..
Short run cost function tables include information detailing average variable cost, average fixed cost. Average total cost, and marginal cost. Which of the figures do you consider most important for an organization to evaluate when determining levels..
The law of diminishing returns applies to which of the subsequent segments of the marginal product of labour curve.
Your company has a monopoly on a wristwatch digital cameras. Market research has shown that demand for these cameras is P(Q, z) = z(48−2Q). Suppose that, for a given quality, consumers were more price elastic when it came to cameras. Given the above,..
In 2008, XYZ Company had $1,535,000 in revenues and $1,200,000 in expenses. According to the Corporate Income Tax Table, what are the average and marginal tax rates respectively? The constant dollar cash flow is $35,000 10 years from now. What is the..
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