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In 1999 Mercedes-Benz USA adopted a new pricing policy, which it called NFP (negotiation-free process), that sought to eliminate price negotiations between customers and new-car dealers. An article in The New York Times (August 29, 1999) reported that a New Jersey Mercedes dealer who had his franchise revoked is suing Mercedes, claiming that he was fired for refusing to go along with Mercedes no-haggling pricing policy. The New Jersey dealer said he thought the NFP policy was illegal Why might Mercedes NFP policy be illegal?
Can you offer another reason why the New Jersey dealer might not have wished to follow a no-haggling policy?
Gourmet coffee houses tend to open in high-rent areas and cater to higher income consumers. Because of the change they created for taste and preferences and the higher income market, the gourmet coffee houses had a win-win in a period of falling w..
in many sub-saharan african countries girls have lower enrollment rates in secondary schools than do boys. if
a. Write an exponential function to model this situation using the formula A = P(1 + r)^t. Is it growth or decay? b. If he hasn't withdrawn any money, how much is in the account when he retires?
Crowding out can be minimized, if at the same time that the government increases spending, it:
If the income tax base were broadened by eliminating these deductions, tax rates could be lowered, while raising the same amount of tax revenue. For each of these deductions, what would you expect the likely effect on taxpayer behavior to be
In 1999, the Office of the Under Secretary of Defense projected that the ENR Building Cost Index (BCI) would increase from its 1999 value of 3423 to 4098 in 2012. If the actual value in 2012 was 5167, what was the difference between the projected ..
a firm producing hockey sticks has a production function given by y 2sqrtkl in the short-run the firms amount of
Compute the expected utility of each project and identify the preferred project according to this criterion.
A new production technology for making vitamins is invented by a college professor who decides not to patent it. Thus, it is available for anybody to copy and put into use.
Consider an open economy with free capital mobility and a fixed exchange rate, using the Mudell-Fleming IS-LM model, explain the short-run effects of an expansionary monetary policy on the domestic economy's level of output
During recent years, MicroChips Corporation has enjoyed substantial economic profits derived from patents covering a wide rang of inventions and innovations for microprocessors
Write a three to five page essay tracing the development of the role of government in the United States' economy since the War for Independence through the World War II. As a country, have we resolved this issue? Explain your answer.
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