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Contract law requires proof that the offeree 'intended' to accept the offer. It is not an uncommon defense for the offeree to allege that she did not intend to accept the offer. She might argue that she was only joking when assenting or that she didn't even know that an offer was being made, or that when signing the document she failed to read all of the terms, or that she did read all of the terms but did not understand certain ones. How would an offeror prove that the offeree did was bound by the offer and all of its terms if the offeree contended:
a) She was only joking: The offeror would argue that . . .
b) She didn't know that an offer was being made: The offeror would argue that . .
c) She knew she was signing an offer but he didn't read all of the terms: The offeror would argue that . . .
d) She did not understand some of the terms and conditions: The offeror would argue that . . .
If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, which job gives you the higher purchasing power of the bundle of goods in the price index.
Please Identify then Contrast the differences between the rise of prices due to Inflation and the rise in prices in Micro Economic Markets.
If a bank has $100 million in deposits and $16 million in reserves with a reserve requirement of 0.15,
If you were a manager at PepsiCo, would you try to convince your colleagues while introducing the new soft drink is the most profitable strategy.
Using the supply-and-demand model, explain what would happen to the supply curve during a drought. Also explain the effect on the price of water as illustrated by the graph.
Where formal cartels are illegal, what techniques can firms use to attempt to prevent price wars from breaking out and to maintain a price level in the market, which approximates the level that a monopolist would charge?
There are two excavators to choose from, A and B: The capital cost tor Excavator A is $150k, runs for 4 years and the maintenance costs are $20K per year. The capital cost for Excavator B is $150k, runs tor 3 years and the maintenance costs are $15k ..
In its effort to reduce the time value of money, the Federal Reserve System began aggressively increasing the supply of money through Quantitative Easing. What is true and what is false about the above statement? Explain
In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution. Explain who..
Discuss whether each statement is an example of positive economics or normative economics or if it contains elements of both: an increase in the personal income tax will slow the growth rate of the economy.
Explain what determines the level of income, employment, output and prices in our economy. Do you think current monetary and fiscal policy is working to help the U.S. economy achieve the three economic goals of full employment, economic growth, and s..
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