Duane Johnston raises Angus beef. A representative from a large meat plant visits the farm and looks over a large herd of two-year-old steers. He agrees to pay Duane a down payment of $30 per animal for fifty of the steers. Duane is to receive the remaining money when the cattle are shipped in 2 weeks. Did Duane and the representative make a binding contract

Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a. in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b. if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.

Suppose that real interest rates increase across europe. this development will u. s. net capital outflow at all u. s. real interest rates. this causes the loanable funds to because net capital outflow is a component of that curve.

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?