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Kristina places an order for a cake on Flowers bakery's web site. She then calls the baker to tell him that she will pay him $1000 for the specially designed cake if he will guarantee delivery of the cake on Friday afternoon for a party at her house scheduled to begin at 7:00 pm. The baker has difficulties with his oven due to a power outage and is not able to get the cake to her house until 10:00 pm. Kristina does not want to pay him $1000 on delivery. Can the baker sue Kristina for payment of the cake? What remedies are available to him?
Why is an understanding of Illustrate what development means crucial to policy formulation in developing nations. Why do you think a nation may have difficulties in agreeing on a rough definition of development.
Calculate the coefficient of price elasticity (midpoints approach) for Goldsboro's supply.
Suppose that your opponent is not playing her Nash equilibrium strategy. Should you play your Nash equilibrium strategy? why or Why not?
Explain how much does the total amount of deposits in the banking system increase? By how much does the money supply increase.
Explain the effects of monetary policies on the economy's production also employment
How does this export subsidy affect the domestic price of steel, the quantity of steel produced, the quantity of stell consumed, and the quantity of steel exported. how does it affect consumer surplus, producer suprlus.
Determine equilibrium in wheat market with help of graphs. If re is an increase in price of rice, illustrate what will be its impact on market equilibrium.
Could you reduce the cost of producing 1,800 pots per day by adding a pottery machine to your production process and reducing the amount of labor. Explain why or why not.
21st century insurance offers mail-order auto mobile insurance to preferred risk drivers in the Los Angeles area.
The marginal utility of a pizza is 20 utils, and its price is $2. If you buy one unit of each good, will you achieve consumer equilibrium? If not, how can greater total utility be obtained?
if Night Timers plans to sell 125,000 rolls per year, Illustrate what is the necessary price if the firm is to break even
The manager of a corporate division faces the posibility of an audit every year. She prefers to spend time preparing if she will be audited; otherwise, she would prefer to invest her time elsewhere.
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