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Mr. X enters into a contract with Mr. Z under which Z agreed to build a customized telescope for X for $500. The value of the completed telescope to X will be $600. Expecting that the telescope will be delivered on schedule, X pays the purchase price to Z and drills a hole in his roof at a cost of $300. However, before Z delivers the telescope, Ms. Y, another amateur astronomer, offers to buy it from Z for $550. Would Z breach his contract with Mr. X if the measure of damages were (1) the expectation interest (2) the restitution measure (3) the reliance measure? Explain why in detail.
Public Finance was always dealing with intervention through fiscal instruments, including federal relationships between different tiers of governments and later on it subsumed Publ
What are the objectives of pubic finance
Define the concept of economic growth?
eiplain why indifference curve are convex to the origin
Jack and Jill live alone on an island. Their labour supply schedules are identical and given by L = (1 - t)w, where t is the income tax rate and w denotes the wage. Jill''s wage
Suppose that economic outcomes can be classified as either good or bad. Governments differ in ability and this affects the likelihood of good outcomes. There are two types of gover
According to estimates by Goolsbee and Petrin (2004), the elasticity of demand for basic cable service is ?0.51, and the elasticity of demand for direct broadcast satellites is ?7.
In terms of the debate in the media on state owned enterprises ,explain the decreasing cost case and the possibility of privatisation of SOEs such as Eskom and SAA
Suppose there are two inputs in the production function, labor (L) and capital (K), which can be combined to produce Y units of output according to the following production functio
strugling with research variables and problem
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