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D. Wayans Automotive called C. E. Reeves Automotive Supplier
D. Wayans Automotive called C. E. Reeves Automotive Suppliers and ordered a case of windshield wipers for $4,000 with the terms of the contract/order being 3/10, n/30 FOB Shipping Point.
The case of wipers were shipped and neither company paid for shipping insurance on the items. Two days later as the wipers were being transported through town the delivery truck was involved in an automobile accident and subsequently caught fire with all the contents inside being destroyed.
Upon finding that his wipers were among those in the accident, Wayans called Reeves and demanded that Reeves replace their lost wipers. Which would you say is the correct/legal stance that Reeves could take concerning this sticky situation?
Suppose the cross price elasticity of demand among peanut butter and grape jelly is negative.
Construct a table showing the marginal failure reduction (in units) and the dollar value of these reductions for each inspector hired.
Suppose that rich countries surprisingly commit to much higher official aid, to be maintained for several decades. What would be the effect of such aid on?
Make a brief memo advocating that the project should be chosen and also explain why.
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
Early Classical economists found the subsiquent diamond/water paradox perplexing.
Suppose that American households change their tastes such that they want to save more at every level of income.
Consider a market-clearing economy in which output (Y 1 )depends only on the capital stock (k 1 ) and an exogenous productivity variable ( θ1 ) according to the production function y1 = θ 2 f(k 2 ).
Approx the marketplace demand curve and figure the existing Price elasticity of demand
Find out the optional number of units to put in a package. How much should the firm charge for this package?
Explain why is it that for sellers in a purely competitive marketplace, the price received for each item equals the marginal revenue.
Assume that the Fed unexpectedly raise the rate of money growth.
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