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Kyle, Brian and Pam are all partners in a general partnership that is engaged in the business of event planning. Kyle contributed 45% of the capital, Brian contributed 40% of the capital, and Pam contributed 15% of the capital of the partnership. Without the other partners' knowledge, Pam purchased new marketing materials. The bill has arrived for the marketing materials. Who is liable to pay for the materials? Why? Discuss fully and identify the name of any legal principle that governs your answer.
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
How might managers interpret the potential for their product in a market that is, in absolute economic terms, large but, on a per capita basis, characterized by a majority of poor consumers? In the event that the BRICs fail to meet projected performa..
For each of the following cases, find the future value at the end of the deposit period at the given nominal interest rate. For the following mixed stream of cash flows, determine the future value at the end of the final year if deposits are made at ..
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital
q.in the early 1980s interest rates on long-term debt were at remarkable levels - above 15percent higher. within a
In the country of Drazah Larom (moral hazard spelled backward), health insurance is nonexistent and all medical markets are perfectly competitive. Use supply and demand analysis to explain the impact of the following changes on the price and output o..
Suppose that doctors’ visits cost $20, and the typical consumer has an income of $100. Consumers spend all of their incomes on doctors’ visits and a composite good that costs $1 per unit. Draw a graph that illustrates the consumer’s budget constraint..
Is the increasing resistance of employers to unionization a new phenomenon or simply a return to the historic relationship that has existed between unions and managements in the United States?
A restaurant/bar is analyzing its pricing of beer. It has determined that the price elasticity of demand for beer is −0.8; the cross-price elasticity for wine with respect to the price of beer is 0.9; the cross-price elasticity for appetizers is -1.4..
What is the expected return of migrating to the city? Show your work. Determine whether the individual should migrate to the city or not. Show the criteria used in making his decision.
Efficiency refers to whether a market outcome is fair, whereas equality refers to whether the maximum amount of output was produced from a given number of inputs. When a good is taxed, the tax revenue collected by the government equals the decrease i..
An engineering firm estimates that its cost for employer sponsored health insurance will be $750,000 next year and increase at 9% per year for the next 8 years. The company CFO wants to budget a uniform amount each year to cover these costs.
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