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John is walking down the street. He is carrying explosives in a paper bag. John sees a friend and goes to waive at the friend dropping the bag and causing an explosion. Mary who was 5 feet away is injured by the explosion. Explain whether each of the legal theories of negligence, warranty and strict liability would apply or not.
In a price-fixing agreement amongst two oligopolists, each seller's best strategy would be to maintain the agreement, as it would leave both of them better off. The smaller the share of the fringe firms in an oligopoly market, the smaller will be the..
What is the amount of this bank's deposits that are in M2? What is the amount of this bank's reserves?
Barney's Liquids and Aunt Bee's Lemonade plan to expand their international partnership for the marketing and distribution of ready-to-drink tea products by adding 12 countries to their current markets. If the agreement is reached, operations are exp..
Suppose people only consume bread and cheese. These are consumed in ?xed proportion: two slices of bread and one slice of cheese. Output in each sector is produced using labour only as Yb = AbLb Yc = AcLc and assume total labour in the economy is Lb ..
Discuss how changes in household disposable income, housing and stock wealth, and debt-generated movements along and shifts in the U.S. saving function. Explain these effects, assuming other things were equal.
Consider the economy whose data appear in the table below. Working-age population 100,000 Labor force 80,000 Unemployed 12,000 Instructions: The unemployment rate is %. The labor-force participation rate is %.
Mcdonalds spends millions of dollars each year on legal protection of it's brand name, thereby preventing any unathorzed use of it. Explain what information this conveys to you as a customer about the quality of Mcdonalds products
A monopolist has two specific demanders with demand equations: qA = 10 – p and qB = 10– 2p. This monopolist implements an optimal two-part tariff pricing scheme, under which demanders pay a fixed fee a for the right to consume the good and a uniform ..
Consumer surplus is
Currently, a fast-food firm has a monopoly in the university student union. The monopoly pays the university $75,000 a year in order to maintain it. The firm earns an economic profit of $290,000 per year. Another fast-food firm wants to enter the mar..
suppose that the carnival and the circus have both come to town and are both o?ering free admission. you have 6 free
What other variables should be considered when determining what is reasonable in terms of maintenance expense
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