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Unconscionable Contracts or Clauses. Geographic Expeditions, Inc. (GeoEx) , which guided climbs up mount Kilimanjaro, required climbers to sign a release to participate in a expedition. The form mandated the arbitration of any dispute in San Francisco and limited damages to the cost of the trip. GeoEx told climbers that the terms were nonnegotiable and were the same as terms imposed by other travel firms. Jason Lhotka died on a GeoEx climb. His mother filed a suit against GeoEx. GeoEx sought arbitration. Was the arbitration clause unconscionable? Why or why not? explain in 50 words or more.
Harper is spending a three-day weekend at a beach property. Upon arrival, Harper bought a quart of ice cream and must divide consumption of the quart over each of the three days. Her instantaneous utility of ice cream consumption is given by u(c)=c^0..
A friend borrows $1280 today and promises to pay you back $2190 in 5 years. If inflation is expected to be 3.9% per year during this time, what is the inflation-adjusted rate of return per year? the real rate of return per year?
Homemakers are not included in the employment or labor force totals compiled by the Bureau of Labor Statistics household survey. They are included in the working-age population totals. Suppose that homemakers were counted as employed and included in ..
Banks can create money through lending from excess reserves. The National Bank of the Undemocratic Republic of Swagnervania receives $1.5 million. The Federal Reserve of the Undemocratic Republic of Swagnervania stipulates all commercial banks use a ..
If the banking system has a required reserve ratio of 10%, then the money multiplier is: If Bank A receives a $10,000 deposit and the reserve requirement is 10%, how much does Bank A have available to loan out?
Fair-trade standard guarantee
The price demand function for 100 packs of whiteboard erasers is x = (360-4p)1/2. p is the price of one 100 pack of erasers. What is the elasticity of p = $18? Is the demand elastic, inelastic, or unit elasticity at this price? What price should the ..
over the subsequent months, they changed their minds and discontinued the experiment. How did the timing affect their conclusion about the profitability of increasing prices?
Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question. Which effect could not occur for the participating countries?
If a central bank intervenes in the foreign-exchange markets and buys foreign currencies:
Using the six general trends of the general environment- Economic trends; Sociocultural trends; Political /Legal trends; Global trends; Technological trends; Demographic trends. Give a hypothetical example of how each trend could affect a small busin..
Discuss " Institutional changes in developing countries have been slow and despite the flurry of modern technologies in recent years the impact is modest and behaviors continue to be driven by old traditions"
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