formed when the offerer promises to do or not to do something. Acceptance is the offeree agreeing to do what is requested in the offer. An offer may end in several ways‚ in particular‚ by the death of the offerer or offeree. In order for the agreement to be effective both parties to contract must give consideration‚ the offer must be serious‚ and clearly stated. The promise Elvis Presley made prior to Jo Laverne Alden prior to his death may be enforceable in court by applying the equity doctrine
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05/08/2012 Last topic: THEORY OF THE FIRM Topic 5 Market Structures (I) Nature of the firm Theory of production Fixed v/s Variable factors Time periods Product concepts – TR‚ AR‚ and MR Product curves & Economic intuition Theory of costs – Short Run TC‚ FC and VC (AFC‚ AVC and SAC) SAC and SMC Cost curves & Economic intuition Relationship between product and cost curves Theory of costs – Long Run TC LAC and LMC Cost curves & Economic intuition Economies and Diseconomies of scale Theory
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bdestiny Mutual Agreement Proposal If I could change the world I would make every country more independent and isolated. Almost all of the countries today depend on others for goods and financial support. For example‚ the United States depends greatly on China for our goods and other resources. The foreign policy that the United States has isn’t the most efficient that we could get it as a country. To make the world more independent countries would have to band together. Also the United Nations
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International Trade Unrestricted International trade is the importing and/or exporting of goods and services between different countries around the world. When international trade is unrestricted it allows access to any or all countries that wish to partake in this style of trade or exchange. Although there are a few downfalls to unrestricted trade‚ for instance the risk of receiving unsafe items such as; food‚ toys etc. I do not oppose unrestricted international trade; I am in favor of unrestricted
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make this Final Offer. 1) Valuation of the Company The total consideration that Crompton Greaves is willing to pay for the acquisition of the Company is equal to EUR [•] million (equivalent to [•] x FY 2011 Estimated EBITDA) on a debt-free‚ cash-free basis and assuming a sufficient net asset value including working capital position at Closing of the Proposed Transaction as necessary for a smooth operation of the business going forward. The purchase price would be paid at the Closing of the
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“Subject and Verb Agreement” 1. The subject and verb must agree in number. Dennis drives carefully along the highway. Mary men today drive their own cars. 2. Compound subjects take plural verbs. Rose and Lina are the bestfriends in school. 3. A compound subject to a single person takes a singular verb. Ny confidant and adviser is my mother. 4. Compound subjects that modified by each and every is singular. Every father and mother carries out the assigned roles. 5. The verb agrees with its subject
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contract law applicable would be whether the offer and acceptance was put into a legally binding agreement. The offer of rewards given to the clerk from IRAS greatly depends on the usefulness of the information from the clerk to retrieve successfully the total amount of tax evaded by Evander. Firstly‚ to describe the contract‚ an offer is a definite intention by the offeror to enter into a legally binding agreement‚ be it a specific person‚ a group of people or the world at large‚ on the offeror’s terms
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ECO/365– Principles of Microeconomics– Final Exam Study Guide 2013 Remember to check out ACCNerd.com for the latest updates! 1) If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent‚ other things being equal‚ the elasticity of demand for movie tickets is about: B. 0.4 2) A basic difference between microeconomics and macroeconomics is that microeconomics C. examines the choices made by individual participants in an economy‚ while macroeconomics
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Goals and Purpose of a Firm Abstract This paper will give some insight of what the primary purpose or goal of a firm related to Milton Friedman. Profits‚ the surplus after the total costs are subtracted from revenues and of course after taxes are taking out will be the meaning. However‚ a firm and making a profit is not so cut and dry as you will see while ready my paper; society and the government has a hand in the firms staying in business so that the services
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“Gentleman’s Agreement” Review In the movie‚ “Gentleman’s Agreement‚” Phillip Green‚ a new journalist to a national magazine‚ is told to write a series of articles on anti-Semitism in America. In order to impress his new boss and fellow writers‚ he decides to “become” Jewish in order to experience anti-Semitism first-hand. Not only does this film touch upon significant matters such as this‚ but prejudice and other stereotypes. Overall‚ this film is relatable in many ways and brings to light
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