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The plaintiff in a breach of contract case sought to invalidate a contract in which he sold mineral rights in his land after he learned that the buyer found a valuable deposit. Suppose it was revealed at trial that the buyer had conducted aerial surveys of the site prior to purchase and had discovered evidence of the deposit, yet he had withheld the information from the seller. Should the court invalidate the contract on the grounds that the buyer had a duty to disclose the information? Is the information socially valuable or purely distributive?
Assuming the level of investment is $16 billion and independent of the level of total output, complete the following table and determine the equilibrium levels of output and employment in this private closed economy. What are the sizes of the MPC ..
In an attempt to increase revenues and profits, a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is 1.5 and the advertising elasticity of demand is +0.6,
Max Whitley, manager of Whitley Construction, builds new homes in a booming community in the Midwest. Although the sales have slowed down because of a national recession, it now looks as if the recession is about to end. Max wants to be ready with..
Your aunt has asked you to help her determine the date on which she must settle a debt. She borrowed $4500 on July 1, 2009, and $7500 on June 1, 2010, from the same lender. The interest rate is 3.24 percent compounded semiannually.
Assess how globalization and technology changes have impacted the corporation you researched.
1. go back to the numerical example with no factor substitution that leads to the production possibility frontier.a.
the manchester athletes club mac is a private not-for-profit athletic club located in st. petersburg florida. mac
A mining firm must deposit funds in a "reclimation" account each quarter. The account must have $25 million on deposit when a project reaches its horizon in 10 years. The account pays interest at a rate of 2% percent per quarter. How much is the q..
Jerry will receive the following payments: 905 in year 3, 952 in year 5 and 933 in year 9. What is the purchasing power of the present value of these payments if the market interest rate is 16% per year and the inflation rate is 8% per year
explanation for why convergence across regions and states might be slow. [Hint: should we expect technology or capital to flow more rapidly across regions?]
how might citizen attitudes toward local government taxes and spending be different from attitudes toward the federal government?
A house and lot valued at $100,000 is being depreciated over 25 years by the straight line method. After 10 years the book value of the asset is $64,000. Since only the value of the house depreciates, find the assumed value of the land. (Ignore in..
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