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Admiralty law the law that deals with controversies arising on navigable waters used a rough-and-ready method of dealing with the problem of the administrative costs of comparative negligence. Rather than try to fine-tune the degrees of culpability between the contending parties, admiralty law simply split the losses 50 –50 whenever there was negligence on the part of both parties. Comment on the efficiency of this method of reducing the administrative costs of comparative fault. Would you recommend that the admiralty rule be adopted in apportioning losses in, say, automobile accidents where both parties are at fault? Why or why not?
Explain how will the level of the velocity of money change if there is a permanent (one time) increase in the nominal interest rate, holding other factors constant.
the first automobiles were built in 1901, they were manufactured by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production.
q1. assume that in the preceding problem the government levies an excise tax of 5 per dose on the monopolists.
What research the long-run effects of entry into monopolistically competitive industries on prices, output, and profits. Explanation must be substantive.
Briefly discuss what measuring inequality involves, and provide two examples for doing so. measuring income inequality means dividing up the population into various groups and then comparing the groups.
q.consider an economy with no production. the economy is endowed with 50 bushels of alfalfa a and 50 bushels of barley
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units o..
select a new good or service for an existing business or a business that you want to develop. write a 2500- to
(a) What is market concentration and how can you know whether a market is concentrated or not (b) What are the causes of market concentration (c) Are business mergers good or bad for the economy Explain why
Why does the loss in economic surplus directly experienced by the participants in the marketplace for s good
Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Describe the required outlay for 1,000 tons per day.
Discuss the following situation (a) from the strictly legal viewpoint, (b) from a moral and ethical viewpoint, and (c) from the point of view of what is best in the long run for the company. Be sure to consider both short- and long-range consequences..
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