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Kristina places an order for a cake on Flowers bakery's web site. She then calls the baker to tell him that she will pay him $1000 for the specially designed cake if he will guarantee delivery of the cake on Friday afternoon for a party at her house scheduled to begin at 7:00 pm. The baker has difficulties with his oven due to a power outage and is not able to get the cake to her house until 10:00 pm. Kristina does not want to pay him $1000 on delivery. Can the baker sue Kristina for payment of the cake? What remedies are available to him?
Illustrate what is the unemployment rate. Karen sharpens knives in her spare time for extra income.
Elucidate what will happen to the equilibrium price and quantity of pizzas sold and why (which curve has changed) for each of the following situations:
explain the concept of diminishing marginal utility. since all goods are scarce, does diminishing marginal utility contradict the statement that individuals always want more of all foods?
What is retained earnings. What items increase balance in retained earnings. What items decrease balance in retained earnings.
What will happen to price at which fisherman can sell lobsters. What will happen to price paid by U.S. consumers. What will happen to quantity consumed by U.S consumers.
Under what conditions (such as relative costs, position of the demand curve, number of low-cost firms) will the smaller, higher-cost growers be driven out of business?
The demand for bread will fall if more Americans go on a low diet. The cost of bread will fall due to the decrease in the demand for bread.
If the bank compounds interest yearly, explain how much will you have in your account on January 1, 2015
Considering that the beekeeper gets that amount, what range of payments will the farmer admit.
What do you understand Spencer and Kate are the only two demanders of lemonade.
If the table represents the demand faced by a monopoly firm, then Illustrate what is which firm's marginal revenue as it increases output from 1300 units to 2200 units? Elucidate how all work.
Why are incomes so much more unequal within poor nations that within rich nations generally
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