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Which of the following is true regarding the application of the concept of unconscionability?
It may be the basis for rescinding a contract.
It may not be the basis for rescinding a contract.
It may be the basis for rescinding a contract only if a service is involved.
It may be the basis for rescinding a contract only if a sale of goods in an amount over $500 is involved.
It may be the basis for rescinding a contract only if a sale of goods in an amount over $1,000 is involved.
Which of the following defines the quantity demanded?
Given two countries (A and B) and two goods (X and Y) model with identical endowments: Draw the PPF for Country A that displays increasing opportunity costs and also shows that country A that displays increasing opportunity costs and also shows that ..
Linda committed a traffic violation that resulted in an accident. She learns first that the violation will result in a $500 fine; she then learns that she will have to pay another $500 for damage caused in the accident. According to prospect theory,
What do you think it resulted in less standing in line by pregnant women. Do you suppose and women became pregnant in prder to cut into the long lines.
On Feb. 12, 2015, you buy a bond that pays a semi-annual coupon of $100 on Feb. 12 (including today) and Aug. 12 until the final coupon payment on Feb. 12, 2018. In addition, the bond will pay $10,000 on Feb. 12, 2018. What is the maximum price you c..
How is the effectiveness of team selling demonstrated by the Reynolds team, and what are some of the vantages to this method in this particular case?
Assume the market demand for Terps t-shirts can be written as P = 100-2Q, where prices are measured in dollars. The long-run average cost of producing such a t-shirt is $20. If Under Armour could perfectly price discriminate, how much profit would it..
Graph the following: Demand Curve Marginal Revenue Curve Marginal Cost Curve Average Total Cost Curve B) Identify the profit maximization point for the monopolist. What are the price and quantities that will maximize profit? What is the total profit ..
2. consider toms labor supply decision. tom can earn 15 per hour but he faces a 20 tax rate and pays 4 per hour in
q.reflect on the solow growth model by means of technology given by y zfk n k12n12 its savings rate is 0.2 moreover
Suppose that there is a credit market imperfection due to asymmetric information. In the economy, a fraction b of consumers consists of lenders, who each receive an endowment of y units of the consumption good in the current period, and 0 units in th..
Suppose the government decides to increase taxes by $50billion and to increase transfer payments by $50 billion. Illustrate what effect would there be on aggregate demand.
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