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Peach Power, the state-owned electric company in the Federation of Peach, failed to fulfill the equipment contract it has with X Corp, a Brazilian company. The London Court of Arbitration has granted an arbitral award to X Corp that requires Peach Power to pay damages to the company. X Corp seeks to enforce the award in a British court, but Peach Power pleads immunity.
In a 2-3 page paper address these areas: Should the arbitration court give Peach Power immunity, and why or why not? Explain what the court is likely to decide.
An intraocular lens manufacturing is in the qualification process of a polishing machine.
A firm has just increased its price by 35 percent over last year’s price, and it found that quantity sold decreased by 45 percent. The firm comes to you and wants to know its price elasticity of demand. What additional information would you search fo..
Which of the following are positive economic statements and which are normative? Explain. a) Higher gasoline prices cause the quantity of gasoline that consumers buy to decrease. b) Everyone should enjoy open access to health care. c) A comparison of..
Elucidate why are shortages or surpluses more likely with preset costs, such as those on tickets, than flexible costs
Profit maximization using total cost and total revenue curves Suppose Dmitri runs a small business that manufactures frying pans. Assume that the market for frying pans is a competitive market, and the market price is $20 per frying pan. The followin..
q1. an individual wants to start a business at which he expects to make 50000. getting a license for the business costs
During much of the 19th century in Great Britain, independent auditors were not only allowed to have an equity interest in their customers but were needed to invest in their clients in certains circumstances.
Gigantic State University indicate that over the past twenty years tuition and enrollment have both increased. From this information. What are Best National Bank's reserves, needed reserves, and excess reserves.
where α is the market potential, e is the advertisement “effort”, and γ is its marginal impact on sales. The cost function for the effort is represented by (1/2)ke2 where k is a constant. Find the Stackelberg equilibria for the following two scenario..
For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capt..
If the study of carpentry becomes more difficult due to complex technological innovations and usage of sophisticated tools, the marginal benefit of achievement will decline. Generally rising expenditure per student are associated with increase in edu..
Suppose the monopolistically competitive barber shop industry in a community is in long-run equilibrium, and that the typical price is $20 per haircut. Moreover, the population is rising. Illustrate the short-run effects of a change on the price and ..
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