What is the knowing misrepresentation of the truth in order to trick someone into entering into a contract? O Fraud O Duress O Embezzlement O Mistake
Q: The key characteristic of financial intermediaries is that they Select one: O a. are always liquid.…
A: A financial intermediary is a company or people that acts as a go-between for various parties to…
Q: An international or global competitor can strive to gain competitive advantage or counteract…
A: An international competitor refers to when an entity competes in another country. In this, the…
Q: A.How will bargaining over markups work between them? B. Will they agree to a maximum retail price…
A: This market is a bilateral market where there consists of a monopolist and a monopsonist. a…
Q: Define consideration. Can consideration be illegal for a binding contract? Can consideration be…
A: Consideration is a concept of English not unusual place regulation and is a want for easy contracts…
Q: 1. Suppose in Paris 1Euro= 2$, in New York 1$=1YTL and 1Euro=2,8 YTL in İstanbul. Is there any…
A: Yes, profit can be made through triangular arbitrage. Suppose you have 100 YTL and you trade it for…
Q: In relation to bargaining power with buyers. Applying it to Tesla, how would you explain the…
A: Bargaining power allows consumers to pressurize the firms to lower the prices of the products.…
Q: Payoff Matrix (Profits) A Colludes A Competes A.S150,000 A S400,000 B Colludes BS150,000 8-S150,000…
A: In the game theory, there are different strategies available for the players to choose from and get…
Q: between an breach of a contract is economically efficient. expectation at the level that leaves the…
A: * ANSWER :- From the given information the answer is provided below as
Q: A product's market exclusivity: Select one: O a. Depends on the life of its patent. O b. Decreases…
A: A product's exclusivity refers to the situation when firm is allowed to sell a product exclusively…
Q: What does it mean if Saudi's Aramco goes public, like the effects, the benefits, etc.. what would…
A: The firm that goes public means that the firm which was owned by the private owners is being listed…
Q: Question 1 Sa A Consider a 2-player game with strategy sets S - (a,b}for player 1 and Sz={c,0) for…
A: A dominant strategy is such a strategy that a player chooses every time, no matter the strategy…
Q: An agreement may be unenforceable because one party misrepresented a fact important to the bargain.…
A: At the marketplace, there are various types of agreement made between the parties according to their…
Q: O a. providing accountability O b. providing safeguards Oc. developing straightforward procedures…
A: There are various necessities to conform to the law. Associations covered by PIPEDA must for the…
Q: RISKS'R'US Insurance Company, who Brenda has her home insured with, became insolvent the same day…
A: When insurance companies go bankrupt, then in such cases, the state guaranty association and…
Q: Which of the following is not one of the three types of Agreement that lack Consideration? Select…
A: In layman's terms, considerations is the primary motivation for a party to enter into a legal…
Q: There is a chance of creating defamation by deliberately discussing false information that may harm…
A: If someone defames someone.It means reputation of that person would be damaged.
Q: Offer Rebate No Rebate XYZ Corp Offer Rebate 20. 10 30,0 No Rebate 12. 16 20,4 Which of the…
A: dominant strategy is the a strategy profile for a player that gives maximum payoff to a players,…
Q: What size businesses are allowed to offer SIMPLE IRAS to their employees? small (less than 100…
A: SIMPLE IRAs refers to the plan that is as simple as its name shows, its good choice for business/…
Q: 30 15 30 90 120 TOURISM (Millions of visitors) According to the adjustment of the previous graph, if…
A:
Q: Reverse e-auctions create tremendous 'power for the buyers because multiple sellers are competing…
A: Reverse auction in economics is basically determined as that type of the auction in which generally…
Q: Use the chain rule to find dy/dx for th following : y= (7x^2-5)^9
A: If we have chain then have to differentiate twice. For eg: If y = (ax)n so here first we…
Q: 4. An individual has an object that is of no value to him. The individual wants to sell the object…
A: Answer - Second price Auction - Second price auction are the auction where the winner of the auction…
Q: A buyer or seller must consider a number of risks when evaluating whether a long-term contract is…
A: Risks: It is the chance of something terrible occurring. Hazard implies vulnerability about the…
Q: RobbinGood sells financial trades to retail traders (r) and institutional traders (i) whose demand…
A: Given: The demand curve for retail traders is: Qr = 1000 - 70Pr The demand curve for institutional…
Q: a. Explain why the frail-type indifference curve pictured, UF, is not a valid indifference curve.b…
A: UH is not a valid indifference curve since the part of it above point E is upward sloping. An…
Q: Rice Corporation offers to sell Sushi Restaurants, Inc., five hundred bushels of rice. Sushi…
A: The term acknowledgment is a thing with different various implications. An express demonstration or…
Q: 1. Identify 4 major causes of channel of distribution conflicts. Give an example of each. 2. What is…
A: Channel conflict occurs when manufacturers (brands) dis intermediate their channel partners, such as…
Q: Rosa and Ernesto are going to split $10. They have agreed to the following rules. Rosa first divides…
A: There are two players in the game : Rosa & Ernesto Extensive form of game is that type of game…
Q: Two states, A and B, have signed an arms-control agreement. This agreement commits them to refrain…
A: The Tit-for-Tat Strategy is defined as a strategy which states that if a player cooperates with…
Q: pse two risk-neutral firms, 1 and 2, are engaged in a one-shot Cournot market. Market dema senting…
A: Demand Function : P = 70 - Q where , Q = q1 + q2 P = 70 - q1 - q2 Firm 1 Costs = 25q1 Firm 2…
Q: Charging a price of $39.95 instead of $40.00 is an example of what type of pricing strategy?…
A: Odd pricing is a way of increasing profits of a company by charging a little less or making micro…
Q: Consider the following game, which is played simultaneously: B 1 1 -1 2 1 What type of game this is?…
A: Game Theory Game theory is the study of making decisions. Under the game theory, mathematical…
Q: The band is breaking up and Rob, Sue, Tim and Vito each want the tour bus. Using the method of…
A: In this question, in the band there are 4 people Rob, Sue, Tim and Vito and here each want the tour…
Q: ABC Inc. Offer Rehate No Rebate XYZ Corp Offer Rebate 20. 10 30, 0 No Rebate 12, 16, 20,4 In the…
A: Equilibrium strategies would be those from which any of the players involved in the game have no…
Q: Two companies, Acme and Pinnacle, cach decide whether to produce a good quality product or a poor…
A: Dominant strategy is the strategy in which the player gets more payoff than the other strategies.…
Q: The De Beers Diamond company is not worried about differentiating its product from all other…
A: Market refers to the place where buyers and sellers meet each other and they trade.
Q: Suppose that a large discount retailer with a lot of purchasingpower in a supply chain requires that…
A: Suppliers: In a production network, a merchant, or a dealer, is an endeavor that contributes…
Q: .. .is one of the terms of pay off and risks in Game theory. Select one: a. Low profit O b. High…
A: Game theory refers to the study of the ways in which interconnect the alternatives of economic…
Q: 2. Consider the four-player game in Figure 2 Figure 2 b, b. as as b, 4 3. 1. 2 4 2. d, d, 1. 5 4…
A: Given game
Q: Assume that the monopolist is risk averse, what would be the expected utility of perfect information…
A: The profit of the firm if it new technology is a failure is, ?0 = TR - TC = PD*Q - (C(q) + sunk…
Q: Smalltown has 140 residents and two mobile phone providers: Verizon and AT&T Each firm's costs: FC =…
A: Price times quantity is the total revenue. In the absence of fixed costs, with constant marginal…
Q: Are there circumstances under which it is b co have a contract? Once you have a contract is there…
A: 1) MEANING OF CONTRACTS Contracts are written or spoken agreements, especially ones concerning…
Q: c) Which effect dominates, the price effect or the quality effect of a price change if demand is…
A: Answer - "Thank you for submitting the questions.But, we are authorized to solve one question at a…
Q: Select one: O True O False
A: The above statement is false because the numerical value of interest rate generally lies from 0 to…
Solve the attachment
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- b)Rachel’s objective is to maximize the expected profit, subject to that Emma works for Racheland Emma puts effort. However, effort level is not observable. Hence, Rachel needs to writea contract based on the observables. Let’s say, Rachel pays Emma based on the outcome: xLwhen the profit is $0, xM when the profit is $2000, and xH when the profit is $3,000. ThenEmma has three options:(i) Not to work for Rachel(ii) Work for Rachel without effort(iii) Work for Rachel with effortFind Emma’s expected utility on each optionc)ssuming Rachel wants Emma to put effort, her objective essentially becomes to find thelowest contingent payment scheme that is just enough for Emma to work for Rachel, andgives an incentive for Emma to put effort. Formally, we can write this as:min 0.1xL + 0.3xM + 0.6xH ,subject to0.1√xL + 0.3√xM + 0.6√xH − 5 ≥ 15, (1)and0.1√xL + 0.3√xM + 0.6√xH − 5 ≥ 0.6√xL + 0.3√xM + 0.1√xH . (2)What is Constraint (1) called? What is Constraint (2) called?d) or your information, the…A special subsidiary of a U.S. bank that is engaged in international banking is called Seleccione una: a. an agency office. b. a foreign bank subsidiary. O c. an Edge Act corporation. O d. an international banking facility.In Your Own Words, what does it mean to be made "Whole" after a Contract Breach? Give typing answer with explanation and conclusion
- a. Explain why the frail-type indifference curve pictured, UF, is not a valid indifference curve.b Draw your own version of this figure and label two contracts, A and B. Draw the two contracts such that:• contract A is strictly better than B, with more income in both states of the world, and• the customer with the pictured indifference curve nonetheless prefers contract B to contract A.What are some ways a seller of labor (that is, someone looking for a job) might reassure a possible employer who is faced with imperfect information?If a government gains from unexpected inflation when it borrows, why would it choose to offer indexed bands?
- Why do firms hedge their risk and what determines the choice of contract for hedging? Also examine the risk of hedging.A firm in Canada is due to receive payment of US$1 million in 8 years’time. It would like to protect itself against a decline in the value of the USdollar, but finds it difficult to get forward cover for such a long period, isthere any other way in which it can protect itself? ExplainA buyer or seller must consider a number of risks when evaluating whether a long-term contract is necessary or even desirable. Three primary questions must be asked when developing a long-term contract and considering the risks: What is the potential for opportunism? In other words, how likely is the supplier to take advantage of the purchaser (or vice versa)? Is this the right supplier to engage in a long-term contract? C.Is there a fair distribution of risk and gains between the parties involved?
- Define consideration. Can consideration be illegal for a binding contract? Can consideration be modified in a contract? Is that ethical?You are in the market for a used car. At a used carlot, you know that the Blue Book value of the car youare looking at is between $15,000 and $19,000. Ifyou believe the dealer knows as much about the caras you do, how much are you willing to pay? Why?Assume that you care only about the expected valueof the car you will buy and that the car values aresymmetrically distributed.23. Refer to Problem 22. Now you believe the dealerknows more about the car than you do. How muchare you willing to pay? Why? How can this asymmetric information problem be resolved in a competitivemarket?7 Consider a supply chain with the manufacturer, the retailer and end-users, using a buy-back contract, as below cost-benefit & demand forecasting details: F=$120,000 ; c=$30 ; w=$75 ; b=$50 ; p=$122 ; s=$15; Demand 1,800 1,920 2,040 2,160 Probability 26% 27% 29% 18% Calculate the retailer’s marginal profit, retailer’s marginal loss, manufacturer’s marginal profit. Calculate the expected profit of the retailer and the manufacturer for 4 above-mentioned demand scenarios. Then, conclude on which production quantity Q to maximize manufacturer’s expected profit, which production quantity Q to maximize retailer’s expected profit.