Question Mark Sure Correct Choice Your Choice (Not) Graded 1. — C C Graded 2. — B A Graded 3….

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Question: 1. Which of the following statements is not correct regarding quantum meruit?

Answer: C A plaintiff may not join a claim for quantum meruit with a claim for damages from breach of contract.

Question: 2. In Centex Homes Corp. v. Boag, which of the following is not a reason given by the court in denying specific performance?

Answer: A Damages sustained by Centex were readily measurable.

Question: 3. Which of the following is a not a correct statement regarding restitution?

Answer: D Restitution encompasses equitable remedies for specific relief such as decrees that cancel deeds.

Question: 4. All of the following are correct statements regarding specific restitution except

Answer: D a claim for specific restitution is not subject to the equitable defense of unclean hands.

Question: 5. In Oliver v. Campbell, the court relied on a general rule that states all of the following except

Answer: A the only remedy for an employee is an action on the contract for fixed compensation or damages for breach of contract.

Question: 6. In which one of the following cases did the court hold that there is no requirement in the law that both parties to a contract be mutually entitled to the remedy of specific performance in order that one of them to be awarded specific performance by the court?

Answer: D Laclede Gas Co. Amoco Oil Co.

Question: 7. Which one of the following statements is not correct regarding damages for breach of a contract to convey real property?

Answer: C The uniqueness of real property carries over to contracts with respect to its use.

Question: 8. All of the following statements are correct regarding service contracts except

Answer: B judicial decrees to enforce them are difficult to

Hillary likes buying vinyl V. and CDs, C. Her utility function is: U(C,C) = V1C4 = 10 What it…

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Hillary likes buying vinyl V. and CDs, C. Her utility function is: U(C,C) = V1C4 = 10 What it Hillary’s marginal rate of substitution of vinyl for CDs? Suppose that the price of vinyl is Pv and the price of a CD is Pc and that Hillary has I dollars a month to spend on either vinyl or on CDs. How many units of vinyl and CDs will she purchase in order to maximize utility? NB: Your answer will be in terms of Pr, Pc, and I.. Suppose that the price of vinyl is Py=100 and the price of CDs is PC =50 and that Hillary has Income I =5200 a month to speed on vinyl or CDs. Draw Hillary’s budget line.

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Consider the utility function u(C1,C2) = C1^0.3 C2^0.8 (a) Sketch the indifference curve for this…

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Consider the utility function u(C1,C2) = C1^0.3 C2^0.8(a) Sketch the indifference curve for this utility function at the utility level U = 5. (2 points)(b) Determine the marginal utility of both goods. (2 points)(c) Determine the marginal rate of substitution (MRS) of good 1 for good 2. (2 points)(d) What happens to the MRS as consumption of good 1 increases? Provide an intuitive explanation for your answer. (2 points)

Your report need not take a formal report format. You can answer each question below, with…

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Your report need not take a formal report format. You can answer each question below, with supporting Excel outputs (where applicable) included in your report. Your answers should be clear and concise: unclear and unnecessarily long answers may be penalized. In this assignment, you will analyse stock return of an Australian stock, in comparison with the return of a market portfolio (ASX 200, ^AXJO). The main purpose of the analysis is ? to understand the mean (profit) and variance (risk) profiles of a particular stock, in comparison with those of a comprehensive and well-diversified market portfolio; and ? to understand how the stock’s return is linearly related with the market portfolio return. The following table lists the top 11 stocks of the Australian market: Number Code Name Market Weight (%) NA CBA Commonwealth Bank 8.88 1 BHP BHP Billiton (Mining) 7.42 2 WBC Westpac Bank 7.36 3 ANZ ANZ Bank 6.28 4 NAB NAB Bank 5.63 5 TLS Telstra (Telecommunication) 4.68 6 WES Westfarmers (Retail) 3.43 7 WOW Woolworth (Retail) 3.09 8 CSL CSL (Pharmaceutical) 2.59 9 WPL Woodside Petroleum 2.25 0 RIO Rio Tinto (Mining) 1.79 You will be assigned with one stock for this assignment. It is the one with the number in the above table that matches the last digit of your student ID number. For example, if your ID 2 number ends with 5, your stock to investigate in this assignment is TSL. The CBA stock is covered in the lecture and tutorials, so you can use the case of CBA as an example in completing this assignment. If you are using the stock which does not match your student ID, you will get zero mark for the assignment. Download the price data for your stock and ASX200 index from yahoo finance, monthly from 2009 and 2013. The yahoo finance can be accessed at https://au.finance.yahoo.com/. Calculate monthly holding period returns from price data using Excel. Instructions are given at the end of this document as to how you can download the price data and obtain holdingperiod returns. For all hypothesis testing questions, state clearly the null hypothesis; alternative hypothesis; level of significance you choose; distribution you use; critical values; and decision rule. Answer all five questions. Question 1: [10 marks: 5 + 5] ? Calculate a range of descriptive statistics for your stock’s return and market portfolio return. ? Compare the profitability and risk of your stock with those of the market portfolio using these statistics, paying attention to the centre, variability, and the shape of the return distributions. Question 2: [10 marks: 5 + 3+ 2] ? Test the null hypothesis that the mean of your stock return is equal to that of the market return, against an appropriate alternative hypothesis. ? State under what assumptions the test is valid. ? Based on the outcome of the test, explain whether your stock is more or less profitable than the market portfolio; or whether they are equally profitable. Question 3: [10 marks: 2 + 2 + 4 + 2] ? Produce a scatter plot between the stock return and market return, and briefly comment on the nature of the linear relationship (direction and strength) between the two. ? Calculate and interpret the correlation coefficient. ? Test the null hypothesis that the correlation is statistically zero against an appropriate alternative hypothesis. 3 ? State under what assumptions the test is valid. Run the simple regression between the stock return (dependent variable) and market portfolio return (independent variable). Question 4: [10 marks: 3 + 1 + 3 + 3] ? Explain the relationship between the two by commenting on the coefficient estimates (both intercept and slope). ? Interpret the value of R2 . ? Test the null hypothesis that regression slope coefficient is equal to one, against an appropriate alternative hypothesis. ? Suppose the market return in the next month is -5%, what is the expected return ofyour stock?

The graphs below show indifference curves for various goods. Graph ______ best describes the pair of

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The graphs below show indifference curves for various goods. Graph ______ best describes the pair of goods baseballs and baseball bats. Graph _____ best describes the pair of goods desktop computers and laptop computers. The marginal rate of substitution along the indifference curves in _____ decreases at a slower rate than in _____ as we increase consumption of the good measured on x-axis and decrease consumption of the good measured on the y-axis. 3; 1; graph 3; graphs 1 and 3; 3; graph 1; graph 3 2; 1; graph 1; graph 3 2; 3; graph 3; graphs 1 and 2
(Please see attached image for graph)..

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Suppose a consumer, Sheldon Cooper, has the following utility function for comic books (C) , and…

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Suppose a consumer, Sheldon Cooper, has the following utility function for comic books (C) , and tangerine chicken (T):( See Image for Utility function )..Use the utility function to define the indifference curve that passes through all of the bundles of C and T that provide the consumer with exactly 10 units of utility and solve the indifference curve for T as a function of C. (Hint: set the utility function equal to 10) Find the marginal rate of substitution as a function of C (for just the indifference curve in part (a)) by differentiating the indifference curve with respect to C; is the indifference curve downward sloping? Does the indifference curve have a diminishing marginal rate of substitution? Prove using calculus or with a numerical example, and remember that we’re concerned with how the absolute value of the MRS changes. Find the marginal rate of substitution as a function of both C and T by using the definition involving marginal utilities. (This is the more general representation of MRS as it applies to all possible bundles and so to the complete set of ICs.)

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