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Ron supervises delivery of flowers for a wholesale distributor of fresh flowers, Flowers. Inc. In order to accommodate one of the company's best customers, Ron offers to immediately rush a delivery of fresh peonies. All of the delivery trucks are currently out on delivery. Ron directs an employee, Ruth, to use her own vehicle to deliver the flowers.
Ruth carelessly parks her car on a steep hill, leaving the car in neutral and failing to engage the parking brake. The car rolls down the hill, knocking down an electric line. The sparks from the broken line ignite a grass fire. The fire spreads until it reaches a gasoline station one mile away. There is a tanker truck off-loading gasoline to the station's gas tanks. The fire ignites the gasoline being pumped into the tanks, and one of the tanks explodes, causing part of the station structure to fall on and injure a passing motorist, Jim.
Can Jim recover damages from Ruth; from Flowers' Inc? Why or why not?
Sketch a graph which shows the lost gains from trade that result from having a monopoly.
suppose there are two diners. What will they order (at a Nash equilibrium)? b)suppose there are four diners. What will they order (at a Nash equilibrium)?
Consider a (closed) economy in which GDP (Y) equals $15 billion, consumption (C) equals $9 billion, government expenditures (G) equal $2 billion, and tax revenue (T) equals $1 billion. What is national saving equal to in this economy?
q1. imagine a simple economy with only two people leroy and percy. if the social welfare function is wul up and the
With increased access to wireless technology and lighter weight, the demand for laptop computers has increased substantially. Laptops have also become easier and cheaper to produce as new technology has come online. Despite the shift in demand, price..
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. How much labor does he employ if the price of each pizza is p = $12 and the hourly wage is w0 = $6? [Hint: In this case, i..
Provide a brief, four (4) sentence summary of the background of the case and the outcomes of the lawsuit. Examine both the positive and negative effects that the company in question experienced.
Calculate the value of the US Balance of Payments and indicate whether it is in a surplus, deficit, or equilibrium.
Evaluate the influences of intellectual predictors of the following economic theorists: Adam Smith, David Ricardo, also Karl Marx.
Describe the factors that influence the reliability of time-series forecasts. Under what circumstances would a time-series model offer a fairly reliable forecast?
Then make an argument for why the government may still prefer using the other approach.
“If health care in the United States is going to be better, fairer, and more cost effective, it will require leaders to step up to the challenge of change” Explain how the Triple Aim contributes toward realizing the vision of better health in the Uni..
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