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Tim and Tom are twins. They live and work near the beach and are also partners in TnT, Inc., a bicycle messenger service. When deliveries are few, especially in the summer, Tom without telling Tim, rents the extra bicycles to tourists who want to explore the resort area. Because the bicycles aren’t being used for deliveries, is it acceptable for Tom to keep the proceeds he receives from renting leasing the unused bicycles? Explain your answer based on the facts in the scenario in the context of partnership law.
Discuss conflict theory as a theory that society and its structural arrangements are organized and held together by the power and dominance of certain groups over others, based upon their greater economic,polotical and cultural resources. is this per..
What are some factors (patterns of behavior) that project a company’s culture? List several examples from the organizations you work in.
Chinese private-sector wages rose 14 percent in 2012. This trend in rapidly rising wage rates might hurt its manufacturing dominance. Explain the effect of the rising wage rates on the supply of manufactured goods.
In theory, “Giffen good” is a good for which the demand curve is upward-sloping, which violates the law of demand. Please provide at least one example as a Giffen good and explain briefly why the demand curve is upward-sloping
Say y store it as cash in a mayonnaise jar in kitchen cabinet. What would this do to circular flow of income and spending. How would businesses react to household hoarding.
What will be the final level of production for the market (after a Cournot equilibrium is reached)? How much is produced by each firm?
Explain briefly the conceptual difference between choice based on maximization of a single objective versus choice based on maximization of multiple objectives. Give a specific example of where a decision maker is making a choice with multiple object..
Toby uses apple (A) and labour (L) to produce juice (q). His production function is: Draw the Toby’s expansion path on a diagram from a). Derive an expression for the expansion path. How does it depend on the wage and the price of apple? What is Toby..
If the marginal revenue from a product is $15 and the price elasticity of demand is ?1.2, what is the price of the product?
In the economy of Talikastan in 2015, consumption was $3000, exports were $1200, GDP was $6300, government purchases were $1300, and investment was $1500. What were Talikastan's imports in 2015? Labor unions can lower wages for everyone through costl..
In what way (or ways) is the current Knowledge Revolution a child of the Industrial Revolution? Is this a new revolution or simply an extension of the 18th-century revolution? Given the history, is it perhaps more appropriate to call the current revo..
Choose a country (not the United States or Canada) and identify some political and currency risks of that country and discuss why a U.S. company would invest (for example, build a factory) in that country. Also discuss some of the various internation..
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