The answer is D, opportunity costs.
Answer:
The transaction will generate a buyer surplus of $2,000 and a sellers surplus of $3,000
Explanation:
A consumer values a car at $20,000
It costs a producer $15,000 to generate that same car
The transaction is complete at $18,000
The first step is to calculate the buyer's surplus
= $20,000-$18,000
= $3,000
The seller's surplus can be calculated as follows
= $18,000-$15,000
= $3,000
Hence the transaction will generate a buyer surplus of $2,000 and a sellers surplus of $3,000
Answer:
E) No, because there is no diversity of citizenship federal jurisdiction.
Explanation:
All the parties involved in this case are citizens of Vermont, so Susan cannot sue Will and Frank's Furniture in a federal district court, she should sue them at a state court.
Diversity of jurisdiction applies to cases over $75,000 and that involve citizens of two or more different states. In this case the case is for more than $75,000 ($80,000) but the parties involved are all from the same state.
<span>Venn networks, through its unveiling of its new smartphone at a news conference, was using the promotional strategy of publicity. It leveraged having it's top management interact with the media publicly as a way to promote its new product.</span>
