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Vika [28.1K]
1 year ago
10

In a _____________________ contract, a family worked a small part of a large farm in exchange for part of the crop.

Business
1 answer:
sweet [91]1 year ago
5 0

In a tenancy contract, a family worked a small part of a large farm in exchange for part of the crop.

<h3>What is a tenancy contract?</h3>

Tenancy agreement or rental contract is a legally enforceable agreement that grants the renter use of a property for a specific usage and time period. The agreement outlines every aspect of the lease as well as the standards and expectations that were mutually agreed upon by the parties.

A lease, which is more common for a fixed time, is different from a rental agreement, which is a contract of the rental between the owner of a property and a renter who wants to have temporary possession of the property. Rental agreements are typically written.

An arrangement between you and a landlord is known as a tenancy agreement. As long as you pay rent and abide by the rules, you are permitted to occupy a property. It also outlines the tenancy's legal terms and restrictions.

A tenancy agreement is regarded as a periodic lease in the business world, with a one-month notice period for termination available to either the landlord or the tenant.

To learn more about tenancy contracts refer to:

brainly.com/question/939712

#SPJ4

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A) Raul fixes cars.

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Howard Weiss, Inc,. is considering building a sensitive new radiation scanning device. His managers believe that there is a prob
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Answer:

<u>Consider the following information</u>

Probability of ATR coming up with a competitive product is 0.35

If ATR does not come up with a competitive product and H adds an assembly line, the profit is $60,000

If it adds an assembly line and ATR adds the product, the profit is $20,000

If H adds a new assembly but ATR does not come up with a competitive product, the profit is $600,000

If ATR does not enter the market, the loss for H is $120,000

<u>A) Expected value for the add assembly line option: </u>

The company would get a profit of $60,000 if ATR does not come up with a competitive product. If ATR comes up with a competitive product and H adds an assembly line, the profit is $20,000.

Probability of not coming up with a product is 0.65 (1-0.35)

Calculate the value if it does not come up with a new product line and H adds an assembly line as follows:

Value if it does not come up with a new product = 0.65 x $60,000

= $39,000

Calculate the value if it comes up with a new product line and H adds an assembly line as follows:

Value if it does come up with a new product = 0.35 x $20, 000  = $7,000

Calculate the expected value as follows:  

Expected value = S39000 + $7000

Expected value =$46,000

<u>Expected value for build new plant option: </u>

If H adds a new assembly but ATR does not come up with a competitive product, the profit is $600,000

If ATR does not enter the market, the loss for H is $120,000

Calculate the value if H adds a new assembly but ATR does not come up with a competitive product as follows:

Value if it does not come up with a new product = 0.65 x $600000

= $390, 000

Calculate the value if ATR does not enter the market:

Value if it does not compete in market = 0.35 x -$120000  = -$42, 000

Calculate the expected value as follows:  

Expected value= $390,000 - $42,000

Expected value =$348,000

The expected value of building a plant is more than the expected value of adding product line. Therefore, the best alternative is to build the plant.

<u>B) Calculation of expected value of perfect information (EVPI): </u>

EVPI = 0.65 x $600,000 + 0.35 x $120,000

EVPI = $390,000 + $42,000

EVPI =$432,000

<u>Calculation of value of return: </u>

Value of return = Value of perfect information - Maximum EMV

Value of return =$432,000 - 348,000

Value of return =$84,000

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The "principal-agent problem" often arises in public choice when politicians pursue the best interests of their constituents
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Answer:

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