On August 1, Buyer B enters into a contract with a Boston dealer D in which B promises to pay $5,000 to D in exchange for D's promise to deliver grain to B's London warehouse on October 1. D contracts with shipping company S to transport the grain. B agrees to resell the grain upon arrival in London for $6,000 to another party. B will have to pay $100 as docking and unloading fees only if the ship arrives in London and the services are provided.

The ship begins taking water several days out of Boston and returns to port. Inspection reveals that the grain is badly damaged by salt water, D sells it as cattle fodder for $800. On September 1, D conveys the news to B in London, who then purchases the same quantity of grain for delivery on October 1 at a price of $6,400. (Note that B will also have to pay $100 as docking and unloading fees when the new ship arrives in London and the services are provided.)

(a) What would be the expectation damages for D's breach of contract with B?

(b) What would be the reliance damages for D's breach of contract with B?

(c) Suppose to the contrary that on September 1, B did not purchase the same quantity of grain for delivery on October 1 at a price of $6,400. But, B purchases the same quantity of grain on October 1 from the spot market at a price of $6,700. What would be an appropriate measure of damages?

2. Consider again the data from Section 1 giving the number of male and female students on various degree courses in the business school of a university and repeated below. There are 1500 students altogether. Accountancy Economics Finance Business Information Systems Male 330 360 90 120 Female 120 390 60 30 Calculate the following probabilities: a. The probability that a student takes Economics. b. The probability that a female student takes Economics. c. The probability that a student is female and takes Economics. d. The probability that a student takes Economics given that they are female. e. The probability that a Finance student is female. f. The probability that a student is female given that they do Finance. g. Are the events 'student is female' and 'student takes Economics' independent or not? Explain your answer.> Moving to another question will save this response. Question 7 (2 points, CLO1) Typical applications of engineering economics include: Process design Equipment replacement economics All given answers Cost optimization Process screening for business development A Moving to another question will save this response.ourse ome > 2020 Summer Calculus II > Assessment C05 core: 0/5 0/5 answered .Question 5 Which of the following differential equations are separable? (Select all that apply) dx = In(act) Dy' = (cos( e-17) ) 2 dy _ zy Oy' = ity Submit QuestionQUESTION 2 Positive economics uses opinions to validate an economic argument while normative economics used facts to substantiate a claim. O True O False QUESTION 3 Scarcity is the condition in which human wants and needs exceed the availability of time, goods, and resources. True O False QUESTION 4 Another term meaning the same as scarce resources is unlimited resources. O True FalseStudent Instructions: 1. Study Figure 1.9 Contemporary Approaches to Information Systems (p. 29) Technical Approaches Computer Operations Science Research Management MIS Sociology Science Psychology Economics Behavioral Approaches 2. Answer the following question: Which of the two major types of approaches, behavioral and technical, they find to be the most appropriate or accurate? explain how the a socio-technical system perspective relates to your selection