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The B.F. Goodrich Co. decided to close one of its plants. It offered to pay a 10% bonus to any employee who continued to work in the plant until it closed. Maude Miami was employed at the existing plant; she knew of the bonus offer, and she continued to work at the plant until it was closed. When it shut down, she requested the bonus. Goodrich refused to pay her the bonus, and she brought suit. Was there a binding contract? Discuss.
Suppose you have two goods, ice cream and macaroni(an inferior good to most people). show graphically what would happens when the price of the ice cream decreases and income increases.
You have been asked by your boss to estimate the cost to purchase a new piece of production equipment. The company purchased this same type of equipment in the past for $15,000. The original equipment had a capacity of 2,000 units, while the new equi..
Who is in favor of net neutrality? What reasons do they offer for this position? What legal challenges are critics making against the FCC's rules? What three approaches are they taking? Which is likely to succeed?
A market basket of goods and services that costs $100.00 in the United States costs 800 pesos in Mexico, and the current nominal exchange rate is 10 pesos per U.S. dollars. The real exchange rate now if today’s price index in both countries is 100?
suppose a firm has an annual budget of 100000 in wages and salaries 50000 in materials 20000 in new equipment 10000 in
Elucidate the effect of capital formation by compering the production possibility curve,at the present time and ten years in future, for two economies,one with a high and the other with a low rate of capital formation
What are the implications of other nations acquiring a large amount of U.S. Treasury bills on the U.S. exchange rates?
Traffic manager of Monarch Electric Company has just received a rate reduction offer from a trucking company for shipment of fractional horse power motors to company's field warehouse. Should company implement new rate.
Demonstrate graphically how the price of land is determined. Show the effect of a tax on that land. Explain why that tax won’t cause the price of land to rise.
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or shareholders) worse off. Do you agree or disagree.
The government plans to rise state spending by $2bn in the next fiscal year.
Explain how premium business models work. Make sure to include the mathematical equations we used in the Dropbox case study to describe the economics of this type of offering (calculating how many paid customers are needed to support free customers).
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