In a case whereby zoey sues Nadia, for terminating her appointment after three month claiming they had a contract for two years, since it violates the statute of frauds, the court will likely hold in favor of C. Zoey, under the theory of promissory estoppel.
What is a contract?A contract can be described as the agreement that existed between two or more people which can be considered binding under the law and any breach to that contract will attract a penalty to the party that brought about the breach.
It should be noted that this case above can seen as a a breach because the agreement was two years but the employer decide to terminate the contract after three month, which means that the court will be in the favor of Zoey because the violation can be attributed to the theory of promissory estoppel , which implies that the employer will be penalized.
Therefore, option C is correct.
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Check the missing options:
A. Nadia, because enforcement of the promise is necessary to avoid injustice.
B. Zoey, because the agreement violated the statute of frauds.
C. Zoey, under the theory of promissory estoppel.
D. Nadia, under the theory of promissory estoppel.
What type of organism would live in deep sea vents, harness chemical energy spewing out of the vents to make sugar and be the beginning of the food web in deep sea ecosystems?.
Because they have evolved over time and are able to endure the harsh conditions of the deep sea vent, the species found in them constitute proof of evolution organism.
Natural selection plays a key role in evolution, species which is the process by which a species' features change over the course of multiple generations. The creatures are able to adapt to their surroundings and survive as a result of evolution. Within the gills of the mussels are symbiotic microorganisms. These bacteria use the compounds in the vent fluids as energy to create carbohydrates, just like the germs that live inside tubeworms. Among hydrothermal vent bacteria, green sulfur bacteria are distinct because they need both chemical energy (from hydrogen sulfide) and light energy to thrive organism. The majority of microorganisms Chemolithotrophs live at hydrothermal vents. These bacteria convert carbon dioxide to organic carbon by using reduced chemical species as energy sources, most frequently sulfur.
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a bank account currently has a balance of $7,400 dollars. if the initial deposit was made four years ago, and the interest rate is 5% apr compounded monthly, what was the initial deposit?
If the current balance is $7,400 and it is compounded monthly over 4 years, then the initial deposit was $6061.13
After t years, the amount of a principal if it is compounded n times a year is given by the future value formula:
FV = PV (1 + r/n)^(nt)
Where: r = annual interest rate
t = number of years.
From the problem:
n = 12
t = 4
Hence,
n.t = 12 . 4 = 48
r = 5%
r/n = 0.05/12 = 0.004167
FV = 7,400
Plug all the parameters into the formula:
7400 = PV (1 + 0.004167)⁴⁸
PV = 6061.13
Hence, the initial deposit was $6061.13
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you work for beulah burton. she directs you to determine what specific actions the furniture division needs to take in order to clean up the inventory system and to have the new system implemented effectively. what will you report?
What I will report is related to the inventory system and looking for a new effective system so that a company can keep pace with the development of technology.
Understanding technology is a science that studies skills in creating tools, processing methods, and extracting objects, to help solve various problems and everyday human work. There is also a mention that the definition of technology is all facilities and infrastructure created by humans to provide various goods needed for the survival and comfort of human life itself.
In the past, the meaning of technology was only limited to objects that have a form, such as machines and equipment. However, the meaning of technology has expanded and is not only limited to tangible objects but also to something intangible, such as methods, science, software, and others.
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a bank which must hold 100 percent reserves opens in an economy that had no banks and a currency of $150. if customers deposit $50 into the bank, what is the value of the money supply? a. $50 b. $100 c. $200 d. $150
The value of the money supply according to the bank’s open economy is $150
The Monetary base = currency = $150. If the bank holds 100 % of deposits as a required reserve, then the excess reserve will be 0 and therefore there are no loans.
So, the money supply will equal the monetary base = $150.
B = C + R states that the general public owns the monetary base as money or by the banks as reserves. For instance, a dollar withdrawal from the bank results in one increase in C and one decrease in R, leaving the total unaltered.
The total quantity of money produced by the central bank in a nation is known as the monetary basis, also known as base money, money base, high-powered money, and reserve money. This comprises:
the entire amount of currency in use by the public,plus the currency that is physically stored in commercial banks' vaults,plus the reserves kept by commercial banks in the central bank.The money supply, which includes all of the currency in circulation as well as specific non-bank deposits with commercial banks, should not be confused with the monetary base.
A finance ministry or the central bank may influence the monetary base while enacting monetary policy.
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zayn boards the big rock metro to ride downtown to his job. zayn gives his money to the driver and takes his seat. neither the driver nor zayn says anything. zayn and the bus driver: have an implied contract. have no contract. have an express contract. have a formal contract.
In the scenario where Zayn boards the metro to ride, gives his money to the driver and takes his seat whereas, neither the driver nor Zayn says anything, the act of acceptance between Zayn and the bus driver has created an implied contract.
What is an implied contract?Basically, a contract is divided into an expressed and implied contract. An implied contract is the one with an obligation that derives from actions or conduct of one or more parties in an agreement.
In most case, an implied contract has the same legal force as an express contract because both are contract that is voluntarily entered into and agreed on verbally or in writing by two or more parties.
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For each situation, select one option from below that you think will help increase profit.
These are answers for the question to put on
1.Avoid extra payroll expenses.
2. Get the best rates on advertising.
3.Change the product you provide.
4. Use resources wisely.
5. Beat the competition.
6. Get the best rates on supplier purchases.
7. Eliminate some free services.
8. Increase worker efficiency.
Four important elements can contribute to profitability. Costs are coming down, turnover is going up, production is going up, and efficiency is going up.
Choose the option from the list below that you believe will help enhance profit for each circumstance.1. Limit additional payroll costs- Increase
2. Find the best advertising prices- Increase
3. Modify the offering you make- decrease
4. Make good use of resources- Increase
5. Outperform the opposition- Increase
6. Find the most affordable supplier prices- Increase
7. Discontinue a few free services - No effects
8. Boost personnel effectiveness- Increase
What does "profit" mean?Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity.
In accounting, a profit is an income that is given to the owner throughout a successful market producing process. Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit. There are various profit metrics that are frequently used.
How are earnings raised?Profitability may be boosted in four important areas. Costs are being cut, turnover is rising, productivity is up, and efficiency is up. You can also diversify into new market segments or create brand-new goods or services.
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del gato clinic's cash account shows an $13,563 debit balance and its bank statement shows $11,986 on deposit at the close of business on june 30. outstanding checks as of june 30 total $1,527. the june 30 bank statement lists a $90 bank service charge. check no. 919, listed with the canceled checks, was correctly drawn for $789 in payment of a utility bill on june 15. del gato clinic mistakenly recorded it with a debit to utilities expense and a credit to cash in the amount of $798. the june 30 cash receipts of $3,023 were placed in the bank’s night depository after banking hours and were not recorded on the june 30 bank statement.
All cash transactions are recorded by the business in its general journal under the cash account.
Adjusted bank balance = $13,563
Preparation of bank reconciliation statements
Del gato clinic's cash account shows
June 30
Bank statement balance = $11,986
Add: Bank deposit = $2,856
Total = $13,563
Deduct: Outstanding checks = $1,527
Adjusted bank balance = $11,582
($13,411 - $1,829)
DEL GATO CLINIC Bank Reconciliation
June 30
Book balance = $13,563
Add: Error in check =$9
($467 - $476)
Deduct: Bank charges =$90
Adjusted book balance = $13,563
($13,563 + $9 - $90)
Hence, adjusted bank balance will be $13,482 while adjusted book balance will be $13,482. So, all cash transactions are recorded by the business in its general journal.
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**Guys PLEASE HELP** PLEASE <3
Why were Zelkind and Livingston able to start 80 Acres Farm?
A) Using less fertilizer and pesticide gave them the money they needed to buy new plants.
B) The warehouse they wanted to use was already fitted with hundreds of diode lights.
C) Changes in LED lights made them more efficient and less costly than in the past.
D) Wealthy inventors gave them a large sum of money to buy the land they needed.
Answer:
i think Is D
Explanation:
because the others doesn't make sense
the company "Hives for Live" is both a ____ and a _______ organization at the same time
The company "Hives for Live" is both a partnership of Turco and a Reese organization at the same time. By definition, a partnership business consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses.
Law firms, medical groups, real estate investment firms, and accountancy groups are typical instances of partnership company. The simplest form of joint ownership for two or more people is a partnership. Limited partnerships (LP) and limited time liability partnerships are the two most prevalent types of partnerships (LLP). The three various forms of partnership are as follows: Partnership in general. collaboration with a limit.
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select all that apply a company with a high ratio of fixed costs: multiple select question. is more likely to experience a loss when sales are down than a company with mostly variable costs.
In most case, a company with a high ratio of fixed costs:
Is more likely to experience greater profits one sales are up in a company with mostly variable costs.is more likely to experience a loss when sales are down then I company with mostly variable costs.What Is a Fixed Cost?In accounting, a fixed cost means the cost that does not change with an increase/decrease in the number of goods or services produced or sold. This costs are expenses that have to be paid by a company while been independent of any specific business activities. It is always an indirect cost as they don't apply to a company's production of any goods or services.
In most case, a firm with a high proportion of fixed costs have high operating leverage. For instance, the firm that produce computer processors tend to make large investments in production facilities and equipment and therefore have a cost structure with high fixed costs..
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safeco inc. has no debt, and maintains a policy of holding $10 million in excess cash reserves, invested in risk-free treasury securities. if safeco pays a corporate tax rate of 21%, what is the cost of permanently maintaining this $10 million reserve? (hint: what is the present value of the additional taxes that safeco will pay?)
The cost of permanently maintaining the $10 million reserve that is the present value of the additional taxes that Safeco will pay is -$2.1 million.
The present value will remain negative as long as the interest rate remains positive. (Interest rates are without exception always positive).
It can be defined as the current value of future or upcoming cash flows of an investment.
The present value which in this problem represents the cost of permanently maintaining the $10 million reserve can be determined using the formula;
PV = Tc × D
Here,
D = -$10 million (negative debt)
Tc = 21% = 21 ÷ 100 = 0.21
PV = 0.21 (-10 million) = -2100000 = -2.1 million
This is the present value of the additional taxes that Safeco will pay.
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a(n) project does not rely on the acceptance or rejection of another project. multiple choice question. mutually exclusive co-dependent dependent independent
An independent project does not rely on the acceptance or rejection of another project.
A project that's not a part of or passionate about the other project. Thus, the funding of an associate degree freelance project doesn't depend upon another project receiving funding first. Independent (sometimes known as stand-alone) comes are any set of projects during which selecting one has no impact on our call to decide on another project from that set.
For example, McBurger Inc. might have subsequent capital budgeting projects to consider. the primary may be a new deep preparation system for his or her french fries. The distinction between reciprocally exclusive and independent events is: a mutually exclusive event will merely be outlined as a state of affairs once 2 events cannot occur at the same time whereas a freelance event happens once one event remains unaffected by the prevalence of the opposite event.
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a firm produces 400 units of output at a total cost of $1,200. if fixed costs are $200, question 35 options: average fixed cost is $2. average variable cost is $2.50. average total cost is $4. average total cost is $5.
Average variable cost is $2.50, if fixed costs are $200, As a firm produces 400 units of output at a total cost of $1,200. Hence, option C is correct.
What is the variable cost?A production expense known as a variable cost can go up or down in response to shifts in a company's manufacturing activities. For instance, the raw materials required to make a product's components are regarded as variable costs because they frequently change depending on the volume of units produced.
An expense that fluctuates in relation to production output or sales is referred to as a variable cost.
Thus, option C is correct.
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budgeted customer support cost for liton company is $100,000 for the year and budgeted technician miles is 1,000 per year. liton company’s customer support activity rate is $ per mile.
If the budgeted customer support cost for liton company is $100,000 for the year and budgeted technician miles is 1,000 per year. liton company’s customer support activity rate is $100 per mile.
Activity rate per mile
Using this formula
Activity rate per mile =Budgeted customer support cost / Budgeted technician miles
Let plug in the formula
Activity rate per mile = $100,000 / 1,000 miles per year
Activity rate per mile = $100
Therefore If the budgeted customer support cost for liton company is $100,000 for the year and budgeted technician miles is 1,000 per year. liton company’s customer support activity rate is $100 per mile.
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on september 1, kennedy company loaned $120,000, at 8% annual interest, to a customer. interest and principal will be collected when the loan matures one year from the issue date. assuming adjustments are only made at year-end, what is the adjusting entry for accruing interest that kennedy would need to make
Debit Interest Receivable, 3,360; credit Interest
Revenue, $3,360. ($112,000 0.09 4/12 = $3,360)
A contract between a lender and a borrower is the standard definition of credit. In addition, the term "credit" can refer to someone's or a company's creditworthiness or credit history. A credit in accounting could result in a drop in assets, a rise in liabilities, a reduction in costs, or a gain in income. Credit accounts come in three flavors: revolving, installment, and open. Revolving credit, one of the most popular forms of credit accounts, is a line of credit that you can borrow from at any time, but there is a ceiling, known as a credit limit, on how much can be spent at one time. If a bank account, for example, has a debit balance, that means that more money has been taken out of it than was initially paid in: His account had been debited due to these activities. debit.
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apartments is -unit apartment complex. when the apartments are 90% occupied, monthly operating costs total . when occupancy dips to 80%, monthly operating costs fall to . the owner of the apartment complex is worried because many of the apartment residents work at a nearby manufacturing plant that has just announced it will close in three months. the apartment owner fears that occupancy of her apartments will drop to % if residents lose their jobs and move away. assuming the same relevant range, what can the owner expect her operating costs to be if occupancy falls to %
The owner can expect her operating costs to be $204,080 if occupancy falls to 55%.
What is operating cost?The expenses associated with running a business, or with running a machine, part, piece of equipment, or facility, are known as operating costs or operational costs. They are the price an organization pays for the resources it uses just to stay in business.The continuing costs associated with conducting business on a daily basis are known as operating costs. COGS and other operating costs, which are frequently referred to as selling, general, and administrative charges, are both included in operating costs.Lease and rent payments, electricity bills, office supply costs, staff salary, and at the absolute least, bank fees are examples of this type of expense. These figures may also include accounting fees, legal fees, entertainment charges, travel costs, and sales and marketing costs.The operating cost computation is:
Operating cost if occupancy falls to 55%
Cost on (800 × 90%)
= 720 units is $220,040
Cost on (800 × 80%)
= 640 Units is $215,480
Variable cost/unit = (Change in the total cost) ÷ (the High activity - the Low activity)
= ($220,040 - $$215,480) ÷ (720 - 640)
= 4,560 ÷ 80
= 57/unit
The Fixed cost = The Total cost - The Variable cost
= $220,040 - (720 × 57)
= $179,000
Cost equation: Total cost = Fixed cost + Variable cost per unit
Y = $179,000 + 57X
Y = $1790,00 + (57 × 440)
Y = $204,080
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The complete question is:
Lakeview Apartments is an 800-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $ 220 comma 040. When occupancy dips to 80%, monthly operating costs fall to $ 215 comma 480. The owner of the apartment complex is worried because many of the apartment residents work at a nearby manufacturing plant that has just announced it will close in three months. The apartment owner fears that occupancy of her apartments will drop to 55% if residents lose their jobs and move away. Assuming the same relevant range, what can the owner expect her operating costs to be if occupancy falls to 55%?
If you use credit, what are you creating?
A.
A line of credit
B.
Debt
C.
Collateral
D.
A default
If you use credit what you are creating is debt. Hence the best answer to the question is option B.
What is the use of credit?This is the term that is used to refer to the card or the money that is gotten from the financial institutions that help them to take care of the needs that they may have at the particular time period.
Another definition iof the credit would be when a person gets money from the financial institution through the credit card that would have them be able to buy goods as well as services while they would have to pay for these at a later date back to the company.
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professor smith contracts to teach business law at state university for the academic year. after the first term is over, she quits. can state university get an order of specific performance or an injunction requiring professor smith to return for the second term?
Given that Professor Smith contracts to teach business law at a state university for the academic year and quits after the first term is over, Yes the state university can get an order of specific performance or an injunction requiring professor smith to return for the second term as long as the terms of the contract requires Professor Smith to do so.
What is a contract?A contract is a legally binding agreement that establishes, defines, and controls the mutual rights and duties of its parties. A contract usually involves the exchange of products, services, or money, or the promise to exchange any of these at a later period.
However, Professor Smith may claim that she is unable to continue, and this will be upheld by a court of law. One such justification to contract violation is "lack of ability."
This signifies that the individual from your company who made or signed the contract lacks the necessary capacity. For example, if the professor suddenly develops a disease that incapacitates her, then this argument will be upheld by the court.
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Answer each of the following questions.
1)If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.
2)Which of the following will cause the demand for a good or service inelastic?
Having few substitutes
A longer time period
Being a luxury
Being a large share of the consumer's budget
3)If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?
4)Will a perfectly elastic supply curve be vertical, horizontal, or upward-sloping?
5)What price elasticity of supply will lead to a smaller increase in quantity when price changes— elastic, inelastic, or unitary elastic?
1. The value of price elasticity of demand if there's a 10% increase in price leads to a 40% decrease in quantity demanded is 4
2. The cause of the demand for a good or service inelastic is "Being a large share of the consumer's budget". option D
3. If the price elasticity of demand is equal to 0.5, is demand to be "inelastic".
4. The perfectly elastic supply curve is horizontal.
5. The price elasticity of supply which will lead to a smaller increase in quantity when price changes is inelastic.
How to calculate price elasticity of demandPrice elasticity of demand = % change in demand / % change in price
= 40% / 10%
= 0.4 / 0.1
= 4
Inelastic demand refers to a situation in which consumers demand for goods and services does have a proportional change with a change in price.
A perfectly elastic supply curve is the curve in which the supply curve is horizontal.
In conclusion, the price elasticity of demand is the best degree of responsiveness of demand to a change in price.
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The rlx co. Just paid a dividend of $3. 20 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 10. 5 percent on the company’s stock, what is the current price? what will the price be in 3 years in 15 years?.
If the company just paid a dividend of $3.20 per share on its stock and the investors require a return of 10.5% on stock, then the current price is equal to $51.2. The price in 3 years will be $57.54 and the price in 15 years will be $92.15.
If the rlx company just paid a dividend of $3.20 per share on its stock, then the current price can be determined by using the following formula;
Current price = Dividend ÷ (return % - change %)
Dividend can be calculated as follows;
D = 3.20 (1+0.04) = 3.20 (1.04) = 3.328
Substituting this value in the above formula;
Current price = 3.328 ÷ (0.105 - 0.04)
Current price = 3.328 ÷ 0.065 = $51.2
Now we calculate the price in the 3 years as follows;
3.328 (1+0.04)^3 = 3.74
Price (3 years) = 3.74 ÷ (0.105 - 0.04)
Price (3 years) = 3.74 ÷ 0.065
Price (3 years) = $57.54
Similarly, we can determine the price in 15 years as follows;
3.328 (1 + 0.04)^15 = 5.99
Price (15 years) = 5.99 ÷ (0.105 - 0.04)
Price (15 years) = 5.99 ÷ 0.065
Price (15 years) = $92.15
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a firm had sales revenue of $1 million last year. it spent $600,000 on labor, $150,000 on capital and $200,000 on materials. what was the firm’s accounting profit? group of answer choices $150,000 $100,000 $1 million $50,000
Answer:
Should be $50,000!
1,000,000 - 600,000 - 200,000 - 150,000 = 50,000
private label products are those that: group of answer choices are sold as government surplus. require nutritional labeling information. provide freshness information on the package. are distributed by all national chain stores. are sold by one chain of stores.
Private-label products are those that are sold by one chain of shops.
What is Private-label products?A private label product is one that is manufactured by a third party but sold under the retailer's own brand name. The retailer has complete control over the product or products. This includes the product's specifications, packaging, and everything else. Target, for example, sells branded snacks from companies such as General Mills and Frito-Lay, but it also sells its own chips and crackers under the Archer Farms brand, which is Target's private label brand. Private labeling is legal because a private labeling company does not try to pass off another company's products as their own. Instead, they create the product and pay a manufacturer to manufacture it.To learn more about Private-label products, refer to:
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according to the expectations theory of term structure, response - correct responses yield curves should be equally likely to slope downward as to slope upward. yield curves should be equally likely to slope downward as to slope upward. - correct when the yield curve is steeply upward-sloping, short-term interest rates are expected to rise in the future.
According to the expectations theory of the time system of interest rates, the yields on financial assets of varying adulthoods are primarily related to market expectations of future yields.
What exactly are structure theories?The expectations theory, market segmentation theory, and liquidity preference theory are three theories that attempt to explain the term structure of interest rates. Because the term structure is difficult to observe in the market, spot and forward are derived from the coupon curve.According to the term structure's expectations theory, the long-term interest rate is a weighted average of current and expected future short-term interest rates. If short-term interest rates are expected to remain constant in the future, the long rate will equal the short rate (plus a constant risk premium).Assume that the current bond market offers investors a two-year bond with a 20% interest rate and a one-year bond with an 18% interest rate. The expectations theory can be used to forecast the interest rate on a one-year bond in the future.
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the coordinated management of meaning (cmm) theory has a reputation of being a confusing mix of ideas that are hard to pin down because they're expressed in convoluted language.
'The coordinated management of meaning theory has a reputation of being a confusing mix of ideas that are hard to pin down because they're expressed in convoluted language.\
coordinated management helps us understand how individuals create, modulate, and manage meaning in their communication processes. In general, it refers to ``how individuals make rules for the creation and interpretation of meaning, and how those rules are intertwined in a conversation in which meaning is constantly adjusted''. Communication is seen as a flexible, open, and modifiable process that evolves in ongoing shared interactions that mutually enable movement, change, and evolving pathways. CMM embodies this vision, fostering interpersonal relationships and open conversation. It can be applied to multiple disciplines and social scenarios, across individuals or groups.
Against this background, the definition of coordinated management was a challenge. However, some commonly agreed CMM definitions are: It is a "multi-level structural theory in which rules describe movements or links between meaning and behavior between two interpersonal component systems".
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the lanham act (also known as the trademark act) defines the use of a trademark, the process for obtaining a trademark, and the penalties associated with trademark infringement.
The Lanham act (also known as the trademark act) is used as a trademark, the penalties associated with trademark infringement, and the process for obtaining a trademark. So the statement above is true.
The Lanham Act (also known as the Trademark Act of 1946) can be defined as the federal statute that governs trademarks, service marks, and unfair competition. The Lanham Act was passed by Congress on July 5, 1946, and signed into law by President Harry Truman. The Lanham Act is named for Representative Fritz G. Lanham of Texas. It is protects intellectual property against such as trademark infringement, unfair competition, trademark dilution, and false advertising.
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if 20 units of the end item are to be assembled, how many additional units of e are needed? (hint: you don't need to develop an mrp plan to determine this.)
When 20 units of the end item are to be assembled, the additional units that are needed is 138 units.
What is MRP?Material requirements planning (MRP) is a tool for inventory and purchase planning that determines the amount of dependent demand items such as raw materials, components, and subassemblies required to make a finished commodity in accordance with its demand-driven production schedule.
E depends on the B, C & D and B, C & D depends on End Item.
To assemble the 20 units of End Item.
Net Requirement of B = 20*2 - 10 (On Hand) = 40 - 10 = 30 units
Net Requirement of C = 20*1 - 10 = 20 - 10 = 10 units
Net Requirement of D = 20*3 - 25 = 60 - 25 = 35 units
Now,
Net Requirement of E = B*2 + C*2 + D*2 - On Hand
Net Requirement of E = 30*2 + 10*2 + 35*2 - 12
Net Requirement of E = 60 + 20 + 70 - 12 = 138 units
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What is the role of an executor in estate planning? writing the will and making sure it is signed properly inheriting property and other assets after a person has died providing legal advice on the estate disposition process settling the estate according to what the deceased person wants
The rule of the executor in estate planning is the fact that they are responsible for settling the estate according to what the deceased person wants.
What is estate planning?The term called estate planning is one that is used to describe all of the ways that the tasks would have to do with the ways that the properties that have been owned by a person would have to be shared following the occasion of their death.
This is used to tell the person that has the tasks the ways that the estate would have to be distributed on the occasion of the death.
Who is the executor in estate planning?This is the term that is used to refer to the individual that has been appointed as the one that would have to carry out the tasks of administering the will and the testament of a person that has died based on the wishes of this person and the ways that they want things to be managed.
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Answer:settling the estate according to what the deceased person wants
Explanation: got it correct on edge
savannah is the owner of the 7-11 mini mart, sam is the owner of the superamerica mini mart, and together they are the only two gas stations in town. currently, they both charge $3 per gallon, and each earns a profit of $1,000. if savannah cuts her price to $2.90 and sam continues to charge $3, then savannah's profit will be $1,350, and sam's profit will be $500. similarly, if sam cuts her price to $2.90 and savannah continues to charge $3, then sam's profit will be $1,350, and savannah's profit will be $500. if sam and savannah both cut their price to $2.90, then they will each earn a profit of $900. for both savannah and sam, is a .
The clear result of this game is that both Savannah and Sam will reduce their price.
How to identify the decision that both are going to make?Taking into account the information presented, it can be inferred that Savannah and Sam have a monopoly on gas stations in their town. Additionally, they have an agreement to establish the rates in which they both charge the same price for their services and products to obtain the same profit.
However, according to the information, it can be shown that if either of the two lowers their rates, their profits will surely increase because customers will go to their gas station more frequently. However, the most likely result of this problem is that both lower their prices because this would allow them to attract more customers and have greater rewards, going from earning $500 to $900.
Note: This question is incomplete because there is some information missing. Here is the complete information:
Savannah is the owner of the 7-11 Mini Mart, Sam is the owner of the SuperAmerica Mini Mart, and together they are the only two gas stations in town. Currently, they both charge $3 per gallon, and each earns a profit of $1,000. If Savannah cuts her price to $2.90 and Sam continues to charge $3, then Savannah's profit will be $1,350, and Sam's profit will be $500. Similarly, if Sam cuts her price to $2.90 and Savannah continues to charge $3, then Sam's profit will be $1,350, and Savannah's profit will be $500. If Sam and Savannah both cut their price to $2.90, then they will each earn a profit of $900.
The clear outcome of this game is that:
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Country a specializes in the production of rice because it can do so efficiently, but it imports electronics because it is not able to produce them as efficiently as the country they import from. What is this an example of?.
The production of goods for which it specializes in and the import of electronics for which it is not efficient in its production is an example of comparative advantage.
What is comparative advantage?Comparative advantage is a theory in economics that was developed by British economist, David Ricardo. According to this theory, a country should specialise in the production of good for which it has a lower opportunity cost in its production and it should import the goods for which it is not efficient in. The goods would be imported from the country that is efficient in the production of that good.
For example, assume that country A has an opportunity cost of 10 in the production of rice and an opportunity cost of 50 in the production of electronics. Based on the law of comparative advantage, Country A should specialise in the production of rice and should import electronics.
A similar theory developed by David Ricardo is the law of absolute advantage. According to the theory, a person has an absolute advantage in production if he produces more of a good when compared to other people.
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49.the risk premium associated with a government loan:a)rises with national debt.b)is independent of national debt.c)falls with national debt.d)is unrelated to government bond ratings.
Sharp increases in the national debt are typically generated by tax cuts, stimulus plans, higher government expenditure, and less tax collection due to high unemployment.
How would the economy be impacted by a rise in the national debt?
Workers would have fewer tools at their disposal to do their jobs, which would lead to poorer productivity and, ultimately, lower earnings, if high levels of debt prevent private investments in capital goods.
What occurs when the country's debt increases?
The United States is viewed as a greater global credit risk when the level of the national debt rises. In times of increased international pressure, this may have an effect on the U.S.'s capacity to borrow money and put us at risk of being unable to fulfill our promises to our allies, particularly during times of war.
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