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Gadgets Galore, a merchant-seller in Georgia, had an oral contract to sell goods to WidgetsRUS, a merchant-buyer in Illinois for $100,000. Two days after contracting, Gadgets Galore sends a sufficient written confirmation to WidgetsRUS of the agreed-upon transaction. WidgetsRUS, who has reason to know the contents of the written confirmation, fails to object to the contents of the confirmation immediately. Two weeks after receiving the written confirmation, WidgetsRUS receives a delivery of the goods from Gadgets Galore. WidgetsRUS immediately sends an objection to the confirmation to Gadgets Galore. Describe the remedies available to Gadgets Galore under the Uniform Commercial Code?
If Price elasticity of demand for restaurant meals is 2.27 and restaurant meals wants to increase slaes by 45% by illustrate what percentages would the price have to decrease to get the intended resualts.
Substitute the values of L* and K* in the total cost equations and obtain an expression for the total cost C*. then calculate the average and marginal costs and plot them. Illustrate what is the cost elasticity of output.
Conduct a cost-benefit analysis of obtaining a graduate degree. Assess both the short-term and the long-term costs and benefits to determine why some people obtain the extra education while others do not.
George, who owns and runs Tots Poses, expects to encounter an average of eight customers per day, each with a reservation price shown in following table. What are total revenues, average revenues and marginal revenues
Describe the size of public sector borrowing/public sector debt requirement. Autonomous consumption is 10 billion the marginal propensity to consume.
Europe has leveled off at Illustrate what fraction of GDP every capita in the United States.
Who benefits from a tariff or quota. Who loses. Illustrate what are positives and negatives of protectionist trade policies on federal government's part. Which policy is best right now.
Illustrate what would be natural rate of unemployment if a baby boom led to a year in which teenagers made up 20% of labour force.
Illustrate what monthly profit would she realize with that level of business during the next 3 years.
If labor costs rise you may consider substituting capital input for labor input. What factors do you need to consider when making this substitution?
Calculate the percentage change in nominal GDP, real GDP also the GDP deflator in 2002 also 2003 from the preceding year.
Are the assumptions the same as under a simple linear regression. What does TSLS imply about the data if a strong F is found.
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