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1. ABC Inc., sponsors the "Pioneer Trial Ultramarathon," with an advertised first price of $10,000. The rules require the competitors to run 100 miles from the floor of Blackwater Canyon to the top of the Pinnacle Mountain. The rules also provide that ABC reserves the right to change the terms of the race at any time. Andy enters the race and is declared the winner. ABC offers him a price of $1,000 instead of $10,000. Did ABC and Andy have a contract? Explain.
2. Andy, a sports marketing expert, met with Ben, the owner of the San Francisco Crazy Baseball team, many times to discuss the Andy Benson Crazy Company (ABC). Andy was paid as a consultant. Later, he filed a suit, seeking an ownership share in ABC. There was no written contract for the share, but he claimed that the matter had been discussed. Does Andy have a valid claim for payment? Discuss.
Illustrate what is the most money you can make on this position. Elucidate how far can the stock price move in either direction before you lose money.
We use percent-changes in the formula for estimating the price elasticity of demand coefficient in order to:
Statements best describes the twelve Federal Reserve Banks - When the Federal Reserve buys U.S. government securities on the open market. this tends to bank reserves and the money supply
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
Voters in the State of California decide that the tobacco industry is having too great an impact on the outcome of local referenda limiting smoking in public places.
Suppose that most Baltimore Orioles fans prefer Sunday afternoon baseball games (regardless of opponent) to all other games. Describe two pricing strategies that the Orioles could use to increase profits based on this difference in demand.
Suppose that there are no excess reserves in the banking system and the current amount of checkable deposits are equal to $100,000. Now the monetary authorities raise the required reserve ratio from 5% to 10%. The amount of excess reserves in the ban..
The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..
Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.
Suppose a consumer currently has $1000 with which to buy food for this year (c1) and for next year (c2). In both periods, the price of a unit of food is $1. Assuming the consumer has “standard” preferences defined over c1 and c2, depict a typical con..
From FDR's Folly Chapter 15: Explain and critique the current policy of the Supreme Court in determining whether or not a law is constitutional using analysis of fundamental and non fundamental rights, and give two examples each of fundamental and no..
Bob and Dexter share a dorm room. Bob is a chain smoker but Dexter does not smoke. There are no laws that forbid smoking in the dorm rooms.
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