Chapter 6: “What Do Firms Try to Maximize‚ if Anything?” Introduction Do firms really maximize profit? This question has been under debate since the 1940s and 1950s‚ when a wide number of mainstream neoclassical economists defended the assumption against a group of institutional economists that questioned the assumption as the norm in the industry. On the side of the neoclassical economists were Fritz Machlup and Milton Friedman‚ with institutional economists Richard A. Lester and Garnder C
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two principles of criminal liability which have to be relied upon in order to determine the guilt or innocence of the accused person. Therefore the aim of this essay is to discuss the two principles of law for criminal liability with reference to the Penal Code Act‚ Chapter Eighty Seven (87) of the Laws of Zambia and Zambian decided cases. In order to effectively do this‚ the essay will begin by generally talking about the two principles of law for criminal liability which are the “Actus reus”
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Case Study Vicarious Liability Introduction Under the English Common Law‚ Vicarious liability is a principle of the tort laws. The law imposes liability of employees and agents to their employers. Under this law‚ the liability of any tort committed by an employee that falls under the scope of his duties to the employer is transferred to the employer. This includes both the intentional and unintentional torts. The inclusion of the intentional torts came in to effect after the ruling in the case
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It was eight o’clock at night and I was trying to finish a research paper on the American Revolution. How am I suppose to finish a research paper without wifi? I was not the only one in need of it but my brother and parents were all busy trying to do things online too. I had to fix the wifi‚ which is not an easy task at my house‚ before I lost the effort to finish my paper. Just like the characters in Bram Stroker’s Dracula‚ Shakespeare’s Hamlet‚ and Eric Greitens’ A Warrior’s Heart‚ I was trying
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"Do artifacts have politics?" Discuss Langdon Winner’s question and give some examples. Iva N. Ivanova ivai@ifi.uio.no First semester at UiO Word count: 2103 Introduction The objective of this paper is to discuss Langdon Winners theory on the politics of technology. In his book "The Whale and the Reactor" Langdon Winner asks the question "Do artifacts have politics?". That question has provoked many to look for different dimensions of technology. Winner argues
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Q. 5 What are the different types of business letters? Explain with example. ANS: Business letter is an old form of official correspondence. A business letter is written by an individual to an organization or an organization to an other organization. Business letters are written for various purposes. One writes a letter to enquire information‚ apply for a job‚ acknowledge someone’s work‚ and appreciate one’s job done‚ etc. As the motive of writing the letter is different‚ the style of the letter
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Supplies’ CEO has asked you to advise him on the facts of the case‚ and your opinion of their potential liability. He wants to settle the case. Write a memo to him which states your view of whether the company is exposed to liability on all issues you feel are in play. Include in your memo any laws which apply and any precedential cases either for or against Teddy’s case which impact liability. Include in the memo your suggested "offer of settlement" to Virginia. Back up your offer using your analysis
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What do biologists do? What do biologists do? Biologists study many things. The three main things that they do are that they hypothesis‚ they make observations‚ inferences and they record data. Without hypothesizing‚ biologists can not experiment or create scientific laws. Being able to hypothesis is very important in the world of science. Some evidence that I have‚ to prove that biologists hypothesis‚ are the activities we did in page 17 and in page 28. In page 17‚ in our notebook‚ we
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Topics in Criminal Law May 25‚ 2010 Abstract Strict liability crimes require no culpable mental state and present a significant exception to the principle that all crimes require a conjunction of action and mens rea. Strict liability offenses make it a crime simply to do something‚ even if the offender has no intention of violating the law or causing the resulting harm. Strict liability is based philosophically on the presumption that causing harm is in itself blameworthy regardless of the
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Principles of Liability – Coursework Assessment Two For a contractual agreement to withstand‚ it is crucial that the contract contains the four main components‚ which are; offer‚ acceptance‚ consideration and the intention to create legal relations. A contract is seen as a legally binding agreement between two parties‚ so It is very important for the court to establish a ‘consensus ad idem’; the meeting of minds in order to judge whether a contract exists. Britney’s first meeting with
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