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1. Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard. Kelly is a(n)
offeree.
offeror.
promisee.
contractor.
2. When Jeff's car breaks down, he asks Insta-Tow, Inc., to tow it to Huey's Repair Shop. There is no discussion of a price, and Jeff and Insta-Tow do not sign any documents. Later, Insta-Tow sends Jeff a bill. With respect to Jeff's obligation to pay the bill, this is
an express contract.
an implied contract.
an implied-in-law contract.
no contract.
3. Livewire Company and McCoy's Candy, Inc., sign a document that states Livewire agrees to design a Web page for McCoy's, which agrees to pay for the service. This is
an actual contract.
a fictional contract.
a quasi contract.
To what extent have advanced and accessible digital technologies, such as websites, digital photography, and YouTube, changed the relationship between art and technology? Are these technologies reshaping our attitudes toward artists?
What is the economic rationale behind Airline mergers? Bring both supply side (costs) and demand side (revenue) considerations into your answer. Simple diagrams would be beneficial.
Talk about the ramifications involved in conducting business under both/either scenario.
The demand equation for a company's product it Q = 500 - 3P + 2Pi + 0.1I where Q is the quantity demanded of its product, Pi is the price of its rival's product, and I is the per capita disposable income (in dollars). At present, p = $10, Pi = $20, a..
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry?
Illustrate what is the most money you can make on this position. Elucidate how far can the stock price move in either direction before you lose money.
Evaluate the effect of each of these four changes on demand based on the estimates provided and what is the net effect of all the changes taken together
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $60,000 and her store made $130,000 in profits (not counting payment to her top manager). She suspected t..
If the economy is competitive so that factors of production are paid the value of their subsidiary products, what is the share of total income that will go to land.
The price of twinkies fell from 0.80 to 0.70.As a result,the quantity demanded of Ho-Ho's decrease from 120 to 100. Illustrate what would be the appropriate elasticity to compute. compute this elasticity.
If a contractor decides to deviate from this agreement, what would the optimal deviation be?b. Suppose that M = 10 and C = 1. For which values of "delta" is this a subgame perfect equilibrium of the infinitely repeated game?
Explain how large an income tax cut is needed Alternatively Explain how much more government spending would achieve the target.
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