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1. Parties to a contract should have and understanding of what they are undertaking—a meeting of the minds. Provide an example of two parties who have reached such a clear understanding.
2. The law needs that the parties be competent to enter into a contract. Give an example of a party who lacks competence.
Fiscal policies can have both subtle and major effects on almost all organizations.
A, B, and C decide to act illegally as a cartel, to divide the market equally among the three of them, and to set the price and output that will maximize their total profits. What price and output do they set? What is the output level that each..
the federal reserve board of governors recently changed the reporting of its stance on monetary policy from what they
How much would it cost to pay five workers at the U.S. federal minimum wage to do the same job in the same amount of time?
What does the cost of a good or service reflect? Will producer continue to supply a good or service if consumers are unwilling to pay a price sufficient to cover the cost?
Research and evaluate sustainability economic and sustainable agriculture and evaluating a current or proposed government (local, state, national, international) policy and determining whether it is economically sound.
assume that the potato chip industry in the northwest in 2007 was competitively structured and in long-run competitive
Ceteris paribus, Diet Cola Brand X and Diet Cola Brand Y are substitutes in consumption. The price of Diet Cola Brand Y falls.
State and explain the law of diminishing marginal utility and do the same for the law of diminishing returns and identify and explain two similarities and two differences between these two laws.
florida citrus mutual an agricultural cooperative association for citrus growers in florida needs to predict what will
Evaluate this statement: " profit-maximizing firms lack an incentive to provide job safety, and consequently, the federal government must intervene legislatively to protect workers against unsafe working conditions that will surely result."
Give a specific example for each ( US Companies ). Which one is better market from the stand point of producers? Which one is better market on the stand point of consumers?
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