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Both parties are adults, the contract is oral and the painting is still in progress. Corelli pays Shelly the $2, 500 in return for her promise to delivered the painting to his home, when it is finished. A week or so later, after Shelly finishes the painting, a visitor to her gallery offers her $3,500 for it. Shelly sells the painting to the visitor and sends Corelli a signed letter explaining that she is canceling their contract for the moonrise painting. Corelli sues Shelly to enforce the contract. Is this contract enforceable? Explain
1.Why does the marginal revenue product differ betweenworkers in different jobs?
Analyze the structure of the Federal Reserve Banks and Board of Governors, and make at least one recommendation for improvement. Explain your rationale.
Is it good or bad for the global economy? Discuss including the legal implications.
For what reasons may the NAIRU increase?
1.In what way does specialization reduce the problem of scarcity?
Is cigarette smoking a normal good or inferior good and why? Is it substitution effect or income effect? Is cigarette smoking any diminishing margin rate?
What additional information would you like to have had in order to ensure that your decision was the right one?
What might BQT do to reduce the magnitude of these problems? What problems might be caused by BQT's maintaining ownership of the production equipment?
There has been an increased emphasis on compensating employees through incentive pay. High incentive pay, however, is not likely to be productive in all settings. Discuss the factors that are likely to favor paying high incentive pay to employees.
1.Explain the circumstances under which an increase inpensions and child benefit would
An entrepreneur quits his job as a banker and invests $100,000 of his savings in a new business venture that he will manage. Discuss the two most obvious opportunity costs that he will incur from this decision.
Reduce the current $1.04 quarterly dividend by 50% and utilize the capital to improve the firm's organizational performance - Bring back to the US a manufacturing facility from Taiwan to South Carolina-the State tax incentive will net the firm $56..
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