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Liquidated Damages. B-Sharp Musical Productions, inc., contracted with James Haber to provide a sixteen-piece band at Harber's son bar mitzvah for $30,000. Their contract stipulated payment of half of the price if Haber canceled more than ninety days before the performance and entire price if he canceled less than ninety days before. Haber canceled the deal less than ninety days before the bar mitzvah, but refused to pay the price. Is the provision for the payment of the entire price enforceable? Explain in 50 or more words.
Illustrate what are different types of unemployment and how do they affect economy. Illustrate what is inflation. Illustrate what is deflation.
Although not explicitly mentioned in Chapter 26, Irving Fisher is considered a foundational source in the understanding of the economic field of monetarism. After performing research outside the textbook, please define and describe in three well-stru..
Charging prices closer to what consumers are willing to pay for a good:
Select a company outside the retail drugstore industry and, based on reading its annual report and other public information, discuss what you perceive to be its competitive strategy (i.e., low-cost producer or differentiation). Discuss your findings ..
Use these data to calculate the following:a.Private saving b.Public saving c.Government purchases
What are the primary functions of the foreign-exchange market? Who are the participants in the market? How do global companies use the foreign-exchange market to hedge against foreign-exchange risks?
Wheelan (in Naked Economics) states that "the problem with Asian sweatshops is that there are not enough of them." How is Wheelan's statement illustrative of the concept that every market transaction makes all parties better off?
Which of the following will improve your salary bargaining position: In the sequential labor negotiation game:
There are four individuals I , II, III and IV in a society with a demand for the public good given by Q = 100 – P, Q = 300 – P, Q = 400 – P and Q = 150 - P respectively. If the marginal cost of providing the public good is constant and is equal to $7..
Why would your company have bid with a zero mark-up on some past tenders? Why didn't it win all of those contracts? What is the bid price that maximizes the expected contribution of the contract?
In The General Theory of Employment, Interest, and Money, John Maynard Keynes wrote: If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish..
Suppose that a nation has a labor force of 100 people. In January, Amy, Barbara, Carine, and Denise are unemployed; in February, those four find jobs, but Evan, Fancesco, George, and Horatio become unemployed. What is the structural unemployment rate..
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