The chairman of the board of directors of Xerxes Corp. wrote a signed letter to Pablo, the president, who is 68 years old and planned to retire at the end of the year. "The corporation will pay you a pension of $100,000 a year for life if you retire as planned, and agree not to take another job in this industry." Pablo replied, "I promise to do as you wish." Two years later, Xerxes Corp. stopped the pension payments. Pablo sues Xerxes Corp. for the current installment. May Pablo recover?

The development price itself is such a huge barrier, it's just a very different business model than boeing's used to. our huge development programs are typically centered around commercial airplanes, military aircraft, where there is a lot of orders. and right now the foundation of the business is two bites a year.

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?