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In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?
A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolist..
Evaluate the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitability.
Douglas Boats is a supplier of boating equipment for the states of Oregon and Washington. It sells 5,000 White Marine WM-4 diesel engines every year. These engines are shipped to Douglas in a shipping container of 100 cubic feet, and Douglas Boats ke..
which planet has the comparative advantage in coffee? in fried chicken?
Firms that can identify two types of consumers can price-discriminate perfectly. Firms can price-discriminate only if there is zero competition in the market. Firms that price-discriminate will not reach higher profits.
The concept of balance of power is fundamental in international relations. What does it mean? How meaningful can it be at the beginning of the 21st century, given the impact of globalization and modern warfare in which one's opponents may not be atta..
What can you determine about consumer demand for your product from this information?
Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service - Describe the local economy's stage in the business cycle.
If individuals resisting change are included in making change decisions in an attempt to gain their support, what is this approach called?
One important difference between an entrepreneurs also a manager is which the former gets into a market before demand increases, while the later gets into the market after the shift.
A bank proudly announces it has switched to continuous compounding on savings accounts and if you now make a deposit of $10,000 the value of your account will double to $20,000 in 10 years. What is the annual effective percent rate?
Annual per capita consumption of milk in the U.S. is 21.6 gallons. Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals from the Midwestern town of Webster City showed a sam..
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