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Assignment
1. If the state of California and the federal government both passed laws or regulations related to the sale of video games, which would prevail and why? Discuss the relationship between the states and the federal government, and which has priority. Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics.
2.If Congress passed a law affecting products liability actions relating to single-engine airplanes that among other provisions, sets an 18-year statute of repose, and Cessna resumed production of several models of single-engine airplanes which had been stopped several years earlier, in part because of products' liability exposure. Is this law ethical? Was this needed legislation, or was this a special favor given to one industry that makes a product known to lead to death and injury? How does the fact that flight training schools were unable to replace the single-engine planes they were using for training with newer ones affect your analysis? Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics.
3. Under contract law in the U.S., certain types of contracts must be in writing to be enforceable in court. What is the legal designation of such a contract in the U.S.? List and define the five types of contracts that must be in writing.
How do barriers to entry impact the level of competition in a market What might happen to market price as greater barriers to entry come into existence? Not all barriers to entry are created through market conditions.
Stabilizing a nations price level and the purchasing power of its money can be achieved - Which of the following is not a possible source of natural monopoly?
Other than economies of scale, Illustrate what would you consider to be barriers to entry into a market. Are these barriers the same for all market structures.
Calculate the steady-state growth rates of capital, output, saving and investment, and consumption - calculate the steady-state growth rates of capital per worker, output per worker, saving and investment per worker, and consumption per worker
Two identical firms face linear demand. Market demand is given by P=30-Q. Compare graphically consumer and producer surplus in Cournot and Stakelberg equilibria to perfect competition.
Illustrate what are the pros and cons of alternative strategies to tackle a foreign market.
Suppose a firms production function is given by Q= L^1/2 * K^1/2. The marginal product of labor and the marginal product of capital are given by:
Good W and Y are made with intermediate goods A & B. The market value of A is $10 and the market rate of B is $13. The market value of W is $23, and the market rate of Y is $4.
perry is a freshman he estimates that the cost of tuition books room and board transportation and other incidentals
Illustrate what would be the impact on labor and capital markets of such a shift in tax policy. What is the likely differential incidence of substituting a payroll tax for an equal-yield corporate income tax.
Recommend two to three best practices for leveraging information regarding exchange rates to maximize their profitability. Provide examples to support your response. Discuss how the current economic environment affects the exchange rate between the..
Identify two instances in the case study in which employees at Goodrich succumbed to the pressures of conformity. Consider the level at which both groupthink and diffusion of responsibility affected the actions of those involved in the A7D affair,..
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