Barney takes his wife betty to a porsche dealership and tells her to pick out whichever car she wants as a birthday present. she chooses a red boxter. barney negotiates a price with the dealership and signs a contract paying cash for the car. barney repeatedly tells the dealer that the car is a gift for his wife. the car is to be serviced and picked up at 10: 00 a. m. the next morning. barney dies that night. when betty arrives at the dealership to get the car, they refuse to give it to her because only barney signed the contract?

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product