User Account

All Pages

Correct standard of care

Assignment Help Business Economics
Reference no: EM131395311

Explain why both strict liability and negligence (with the correct standard of care) are efficient when the appropriate action removes all harm to third parties, but only strict liability is efficient when there is residual harm. [Assume nothing that is not present in the problem.] What conditions not described in the problem above might exist to make strict liability inefficient?

Reference no: EM131395311

Questions Cloud

What is the effect of marijuana use on memory : In this assignment, you will construct a hypothesis inspired by the course theme to investigate further using primary sources. Question: What is the effect of marijuana use on short term or long term memory
What are your central traits : What are your Central Traits? What might be a Surface Trait?  What might be a Source Trait?  Discuss Allport and Cattell in your answer
Grant expectations-reliance or restitution damages : You are an appellate judge. The issue on appeal is whether the appropriate ruling is to grant expectations, reliance or restitution damages for a particular type of breach of contract. What is important? That is, what do you look for when makin..
Define utility and cloud computing services : Now that IT Business Services Consultants has developed a system plan for Mary's MediBracelets, how might cloud services fit into the new sales site and what would you do to ensure easy access for mobile users?Define utility and cloud computing ser..
Correct standard of care : Explain why both strict liability and negligence (with the correct standard of care) are efficient when the appropriate action removes all harm to third parties, but only strict liability is efficient when there is residual harm. [Assume nothing ..
High performance hrm and establishment performance : High performance HRM and establishment performance in Pakistan - Are the study design and methods appropriate for the purposes of the study and Is the title of the article appropriate and clear?
How international trade restrictions hurt american consumer : Explain how international trade restrictions hurt the American consumer. Determine if American workers should fear the long-term effects of NAFTA.
What is the purpose of a split-brain operation : What is the purpose of a split-brain operation? Which of the following neurotransmitters is involved in emotional arousal and sleep
What metadata should be provided for each type of document : Create a boardroom style presentation of no more than 5 slides and no more than 15 lines per slide using Microsoft® PowerPoint® that addresses the following in relation to creating a new EDMS to be used by your company to store and track all elect..

Reviews

Write a Review

Business Economics Questions & Answers

  Determine the marginal revenue product function

Consider the following short-run production function (where L =variable input, Q =output: Q = 10L - 0.5L2 Suppose that output can be sold for $10 per unit. Also assume that the firm can obtain as much of the variable input (L) as it needs at $2..

  Largest export partner and third largest source of imports

Canada currently is our largest export partner and third largest source of imports. In 2012, U.S. export of goods to Canada totaled $159 billion and U.S. imports from Canada totaled $176.9 billion.

  What is the labor-force participation rate

Suppose there are 81.0 million people not in the labor force; 154.0 million in the civilian labor force, and 140.9 million employed. Based on these numbers, what is the labor-force participation rate?

  Building the implementation plan

Strategy and Planning for Local Economic Development. Your primary Strategy is (Human Resource Development) Integration of your primary strategy with other development strategies such as ( Business Development, Community Economic Development, etc). B..

  Why are imports considered safety valve for the economy

A perfectly competitive seller is:  Why are imports considered a “safety valve” for the economy? What do labor unions, state occupational licensing agencies, the NCAA, the AMA, and college accreditation agencies have in common? What counter veiling m..

  Exemplar of good coding

If the code is an exemplar of good coding, explain what leads you to that conclusion. Be specific. If the code needs improvement, include a rewritten version of the code, in which you apply one of the methods described above to improve the program...

  First builds customer value through product excellence

Choose three companies. You believe the first builds customer value through product excellence, the second through operational excellence, and the third through customer excellence. Justify your answer.

  Where should you expand production

How does this alter the isocost and isoquant graph? Given these forecasts, where should you expand production?

  The stability of fiscal policy

The stability of fiscal policy. (Blinder and Solow, 1973.) By definition, the budget deficit equals the rate of change of the amount of debt outstanding: δ(t)=?(t). Define d(t) to be the ratio of debt to output: d(t)=D(t)Y(t). Assume that Y(t) grows ..

  How much should the firm charge for this package

A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.25P, and the marginal cost of production is $160. How much should the firm charge for this packa..

  The inverse market demand for a generic drug

The inverse market demand for a generic drug is P = 200 – Q, where Q is total market output and P is the market price. Two firms, 1 and 2, have complete control of the supply of the drug. Firm 1 has total cost equal to 20q while firm 2 has total cost..

  What does marginal utility per dollar spent tell mean

The marginal utility for consuming cake (MUC) is 28 and the marginal utility for consuming beer (MUB) is 12. The price of cake (Pc) is $7 and the price for beer (PB) is $4. Find the marginal utility per dollar spent for cake and for beer. What does m..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd