Laundry Inc makes washing machines. Over the phone, Laundry offers to sell Circuit City one hundred model 1976 washers at a price of $150 per unit. Laundry says that it will keep the offer open for ninety days. Circuit City’s responds that within two or three weeks it will decide whether to accept. One week later, Laundry faxes, and Circuit City receives, notice that the offer is withdrawn. Circuit City immediately phones Laundry to accept the $150-per-unit offer. When Laundry refuses to deliver at that price, Circuit City files a suit. Laundry asserts, first, that there is no contract and, second, that if there is a contract, it is unenforceable. Discuss Laundry’s assertions.

Harley davidson stores sell merchandise which attract people who love motorcycles and the idea of an open road and freedom. some are bikers and others are those who do not have a harley davidson motorcycle but buy the hd logo apparel and accessories. therefore, harley davidson is using as the scheme for market segmentation.

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.

Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false