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You form a partnership with your friend Al Gossett, named, AG limited to operate an on-line business selling hair-care products. AG contracts with RevaInc, a company in Florida to make and package the products based on their secret formula. Reva cannot find one of the ingredients and makes as substitution, but does not inform AG. Unfortunately, there is a chemical reaction among the ingredients and the product makes hair fall out. Ann, a CBU student uses the product and is now bald.
What is the theory of liability?
Who can Ann sue?
Who can be liable?
Any defenses?
What are the damages?
(Population growth but no technology growth) Consider an economy that 12 is described by the production function Y = K^1/3L^1/ 3. What is the per-worker production function, that is y = Y/L ? What is the marginal product of capital, that is dy/dk? F..
A state government has the option of damming a major river to generate energy and divert water to local agriculture. The cost of constructing the dam and associated infrastructure is 100 million. What is the present value of the returns to building t..
A bank currently has $70,000 in deposits, $6,000 in cash in the vault, $12,000 on deposit with the Fed, and $7,000 in government securities. The required reserve ratio is 20 percent. What is the maximum amount the money supply can increase, assuming ..
Illustrate what is the marketing concept recognizes that individuals pass through stages in the course of their lives in groups that are related to their age, period of mat¬uration, and environmental events.
On the Keynesian cross diagram, a decrease in government spending (as in tight (contractionary) fiscal policy) will cause
Those who desire that policymakers stabilize the economy would advocate which of the following when aggregate demand is insufficient to ensure full employment?
For a budget spent entirely on two goods, an increase in the price of one will necessarily decrease the consumption of both if both goods are normal.
Illustrate what is the marginal cost of the first worker. Based on your knowledge of marginal analysis, how many workers should you hire.
a perfectly competitive industry has... A. A perfectly elastic demand curve B. A downward sloping supply curve C. A perfectly elastic supply curve D. A downward sloping demand curve
Is the market for coffee perfectly competitive. Elucidate does the coffee market meet all six conditions of a perfectly competitive market.
Can a country have (true or false each of the below and explain): A current account surplus, a capital accounts surplus, and a fixed exchange rate - why or why not? A current account surplus, a capital account surplus, and a flexible exchange - why o..
Other things held constant, would the calculated capital intensity ratio change over time if the company were growing and were also subject to economies of scale and/or lumpy assets?
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