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Mr. X enters into a contract with Mr. Z under which Z agreed to build a customized telescope for X for $500. The value of the completed telescope to X will be $600. Expecting that the telescope will be delivered on schedule, X pays the purchase price to Z and drills a hole in his roof at a cost of $300. However, before Z delivers the telescope, Ms. Y, another amateur astronomer, offers to buy it from Z for $550. Would Z breach his contract with Mr. X if the measure of damages were (1) the expectation interest (2) the restitution measure (3) the reliance measure? Explain why in detail.
The monetarist and fiscal controversy is still on. The recent history of the U.S. looks like a success story of the monetarists; but besides pure luck, it involved strong element o
Suppose the firm mark up over the cost is 10% and the wage setting equation is W=P (1-u) where U is the unemployment rate. a) Find out the real wage rate implied by the price se
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principles of multi unit finance
QUESTION a) How would the strategy of a firm faced with repeated games differ from that faced with sequential games? b) What do you understand by an optimal level of poll
what are the costs and consequences of providing the subsidies and welfare?
QUESTION (i) ‘The area of E-Government encompasses three major domains. These domains address the problems that Government is too inefficient and ineffective; too selfserving a
describe and illustrate the lm-schedule
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