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Ace contracted with Jones to do certain remodeling work on the building owned by Jones. Jones supplied the specifications for the work. The contract price was $70,000. After the work was completed, Jones was dissatisfied and had Clay, an expert, compare the work done with the specifications provided. Clay testified that the work had been done improperly by Ace and that it would case about $6,000 to correct the mistakes of Ace. If Jones refuses to pay any amount to Ace, what recourse, if any , does Ace have against Jones?
Explain in Details.
A television network will allow National Motors to advertise its claim if the appropriate null hypothesis can be rejected
The reason economists use the midpoint method to compute elasticity is that:
can increase the natural rate of unemployment. Is this something that policymakers should be concerned with? Explain.
Andy purchases only two goods, apples (q1) and kumquats (q2). He has an income of $40 and can buy apples at $2 per pound and kumquats at $4 per pound. His utility function is U(q1,q2)=3(q1)+ 5(q2). What is his marginal utility for apples and what is ..
q. assume that the feds inflation target is 2 percent potential output growth is 3.5 percent as well as velocity is a
If company wants to earn a mark-up of 50 percent on its variable costs, explain how many sets will it have to sell at price obtained in part b.
Assuming that your interest rate, i, is equal to 14% annually, what would be your maximum offer (purchase price) on this machine?
If Jane gets one year of college she will earn $20 per hour. If Jane gets two years of college she will earn $22 per hour. If Jane gets three years of college, she will earn $24 per hour. If Jane finishes college, she will earn $25 per hour. Jane’s d..
Be sure to clearly indicate what happens in the market for loanable funds, to net capital outflow, and in the market for currency exchange.
Find internal rate of return to nearest whole percentage point. Oak Furnishings is considering a project that has an up-front cost.
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
Which curve shifts, if any, and in which direction. Elucidate the effect on equilibrium price and quantity for minivans.
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