Examlex
Let the production be f(x,y) = x1/2y1/2. If the price of x is 8 and the price of y is 16, in what proportions should the firm use x and y if it wants to maximize profits?
Breach Of Contract
Failure to live up to the terms of a contract.
Condition
A stipulation in a contract that must be met for the contract to be legally binding, or an event whose occurrence or non-occurrence affects the validity of the contract.
Warranty
A guarantee, provided by a seller or manufacturer, assuring the quality, performance, or lifespan of a product, often implying repair or replacement if specifications are not met.
Tender Of Performance
An unsuccessful (because it is rejected or prevented by the other party) attempt by one of the parties to a contract to perform its obligations under the contract.
Q2: Interior solutions of the cost minimizing problem,
Q19: A signalling equilibrium occurs where:<br>A)the cost of
Q20: In long run equilibrium:<br>A)no firms enter or
Q22: When moving along a compensated demand curve,
Q28: The Engel curves associated with the indifference
Q39: The reservation price for consumer capital good
Q71: If the increase income from sale of
Q75: If people regard pollution as a bad
Q87: If the initial allocation of wealth and
Q92: Suppose the total cost to produce quantity