Ask Microeconomics Expert

Discussion Question 1 - Agency
Marty Mad is an employee of Big Box. When Marty was hired, Big Box was in a jam to get more workers, so it did not do a background check. Marty works as a stocker and occasionally as a checker.
One night, Marty is furious at his supervisor for refusing his vacation request. He storms to his checkout line, still upset, and begins to help a customer by slamming groceries into the bags, throwing items in the cart, and yelling at the customer to hurry and pay. When the customer asks, "What is wrong?" Marty punches the customer in the arm and pushes the cart into the customer's stomach with such force that the customer falls to the floor injured.
A. The customer sues Big Box. You review the facts and Marty's employment file. Since there was no background check, you order one and find that Marty does not have a criminal record. Discuss whether you believe Big Box is liable.
B. Now suppose that Marty is so mad (after hearing that his vacation request was denied) that instead of reporting to the checkout line, he runs out of the building and purposely knocks down the kids bikes on display out front as he heads for his car. Several of the bikes fall on a child who was looking at the bikes. The child's parents sue the store. Discuss whether you believe Big Box is liable.

Discussion Question 2 - Business Entities

Based upon your readings in Chapter 28 and the hypothetical above with Marty Mad, pretend that you want to open your own small business. You will need to hire several part time and full time employees. What kind of business entity would you select given the need for employees? Explain. Do your readings this week deter you from owning a business?

Discussion Question 3 - Business Entities and Partnerships
Most students are unaware of the various kinds of business entities partnerships, and the legal distinctions. Given what you've read this week, share with the class at least 3 different things you've learned and how this will help you with your professional or personal life. Place terms in ALL CAPITAL.

400 words for each of the discussion.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91239661

Have any Question?


Related Questions in Microeconomics

Question show the market for cigarettes in equilibrium

Question: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the mode ...

Question recycling is a relatively inexpensive solution to

Question: Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle? The ...

Question consider two ways of protecting elephants from

Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...

Question suppose you want to put a dollar value on the

Question: Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you obtain to measure the external [not social] cost? The response must be typ ...

Question in the tradeoff between economic output and

Question: In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent? The response must be typed, single spaced, must be in times new roma ...

Question consider the case of global environmental problems

Question: Consider the case of global environmental problems that spill across international borders as a prisoner's dilemma of the sort studied in Monopolistic Competition and Oligopoly. Say that there are two countries ...

Question consider two approaches to reducing emissions of

Question: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermin ...

Question the state of colorado requires oil and gas

Question: The state of Colorado requires oil and gas companies who use fracking techniques to return the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefit ...

Question suppose a city releases 16 million gallons of raw

Question: Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits in ...

Question four firms called elm maple oak and cherry produce

Question: Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs. However, they also produce a great deal of garbage (a mixture of glue, varnish, sandpaper, and wood scraps). The first row of Table 12.6 sho ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As