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Mr. Ess, the owner of the SS Skimpy and an American citizen, borrows money from MultiBank in London to outfit his ship, giving the bank a maritime lien. Mr. Ess sells the Skimpy to Mr. Tee, a Canadian. Mr. Tee is unaware of the lien and unaware that Mr. Ess has defaulted on the loan. When the ship pulls into a British port, the bank arranges for it to be arrested and sold to pay off the balance due on the loan. Can the bank do this?
ON a graph that has risk probability on the vertical axis and fullness of insurance on the horizontal access (on the origin, person is uninsured. As one moves gradually to the right, insurance starts becoming available from small benefits, to better ..
What are the three actions that the federal government can take to fight recession using fiscal policy?
During the third quarter of 1997, Japanese GDP was falling at an annual rate of over 11 percent. Many blamed the big increase in Japan's taxes in the spring of 1997, which was designed to balance the budget. Explain how an increase in taxes with the ..
A company uses 20 work units and 30 units of capital to produce 4,000 units of product. In this combination the marginal product of labor is 50 and the marginal product of capital is 40. The price of labor is $ 30 and the price of capital is $ 20. to..
Explain the economic effects of spillover benefits? Thoroughly and completely explain how spillover benefits are corrected and the economic implications of the corrections?
The seaport town of new monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ship must wait hours every day just to dock this is an example of
An individual’s demand for physician office visits per year is Q = 10 (1/20)P, where P is the price of an office visit. The marginal cost of producing an office visit is $120. (a) Individuals pay full price for obtaining medical services, how many of..
When a chef creates a dinner plate of food for a customer, which of the following represents the physical capital resource?
How strong are the competitive forces in the movie rental marketplace? Do a five-forces analysis to support your answer. What forces are driving change in the movie rental industry? Are the combined impacts of these driving forces likely to be favora..
q1. if the demand curve is qp 20-2p and the marginal cost is constant at 8 what is the profit maximizing monopoly
Suppose that a firm uses three inputs to produce its output: capital K, labor L, and materials M. The firm’s production function is given by q = K0.5L0.25M0.25. Find the quantities of labor and materials that the firm will use to minimize the cost of..
Critique a human resource article which study employee development (appraising and managing performance, training the workforce, developing careers). The critique must contain the following: -A brief introduction of the article A statement of the pro..
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