Answer: C
Explanation:
You're seeing an opportunity in savings the cost is $40 + $10 for shipping = $50 versus $45 with free shipping. You get an extra item for less and it includes free shipping. So its a deal to actually buy the extra item.
Answer:
$130,032
Explanation:
Calculation to determine the amount of quick assets
Using this formula
Quick assets=Accounts receivable +Cash+Marketable securities
Let plug in the formula
Quick assets=$74,771+$24,116+31,145
Quick assets= $130,032
Therefore the amount of quick assets is $130,032
Answer:
Bing can immediately sue for breach of contract
Explanation:
Based on the scenario that is being described, Bing can immediately sue for breach of contract. Breaching a contract is when one party in a binding agreement fails to deliver according to the terms of the agreement. When Dill made an anticipatory repudiation, he basically stated that he does not intend to live up to the obligations of the contract that he had agreed to, therefore breaching the contract and becoming liable.
What happens in a perfectly competitive industry when economic profit is greater than zero?
The answer is all of the above. If a perfectly competitive industry has economic profit greater than zero then existing firms may expand their operations, firms may move along their LRAC curves to new outputs, there may be pressure on the market price to fall and new firms may enter the industry.
A perfectly competitive market is a hypothetical market where competition is at the highest level. Economists that study perfect competition state that this would be the best outcome of a market for consumers and society because each group would be evenly competing for consumers.