MGEC71H3 Chapter Notes - Chapter 4: Income Tax, Justifiable Homicide, Progressive Tax
4 Oct 2017
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Adam, who lives in a small town, has a 1957 chevy convertible in. The pleasure of owning and driving the car is worth to adam. Blair, who has been coveting the car for years, inherits and decides to try to buy the car from adam. After inspecting the car, blair decides that the pleasure of owning and driving it is worth to her: according to the facts ^ an agreement to sell will enable the car to pass from. Blair will own car, which is worth to her and 2 parties will succeed in exchanging car for money each end up with a share of blair"s . Adam might accept in exchange for convertible. Surplus from cooperative is difference between cooperation and noncooperation: - = : noncooperative solution: fail to agree on a price and fail to exchange the car for money.
