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Doss [256]
3 years ago
14

Which of the following is correct? Group of answer choices Economists study the management of scarce resources. Because economis

ts believe that people pursue their best interests, they are not interested in how people interact. All of the above are correct. The word economy comes from the Greek word for "rational thinker."
Business
1 answer:
9966 [12]3 years ago
3 0

Answer:

Because economists believe that people pursue their best interests

Explanation:

  • The word economy is derived from the Greek word meaning household and which is an area of production and distribution The role of an economist is to analysis and monitor trends and develop forecasts analysis data and develop economic policies.
  • As they give certain predictions or estimates of the economy by reflecting on the economic activities that are performed by the people as assuming tat the man behaves rationally.
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Olivia is a florist who specializes in roses.
Eva8 [605]

Answer:

Olivier does have sufficient contract rights because she already signed a 5 year contract to supply as many roses as possible to Juan. Juan cannot come at the end of two years and break the contract

Explanation:

1. 1. What contract rights and remedies, if any, does Olivia have against Juan?

The most important point of focus from the aspect of the law and statute of frauds is that from the scenario it was stated clearly that ''She has a <u>five-year written contract with Juan to sell him as many roses as he needs for his wedding chapel.</u> ''

Olivier does have sufficient contract rights because she already signed a 5 year contract to supply as many roses as possible to Juan. Juan cannot come at the end of two years and break the contract

2. What contract rights and remedies, if any, does Olivia have against Ann?

The scenario states clearly that ''Ann emailed Olivia an order for <u>"1,000 white stems''</u> and ''Olivia instead sent orchids, the only "white stems" available at the time.''

Hence Olivia fulfilled Ann's orders and Ann has absolutely no case at all. Olivia has acted in accordance to Ann's request and has full rights to claim her payment.

3. What defenses, if any, do Juan and Ann have?

In summary the defenses of both parties are weak

1. Juan has a defense of unforeseen financial difficulties but this will be insufficient to override a written contract

2. Ann assumed that Olivia would send roses but assumption does not work in the eyes of the law but written agreements.

Additionally, Ann could argue that Olivia should have communicated the price of the orchids at the point of processing Ann's orders.

6 0
3 years ago
Oscar makes purchases of an existing product (X) such that the marginal utility of the last unit he consumes is 10 utils and the
sammy [17]

Answer:

INCREASE in Consumption of product Y

DECREASE in Consumption of product X

Explanation:

Based on the information given we were told that the already existing product (X) has a marginal utility of 10 utils as well as the price of the amounts of $5 while the new product (Y) has a marginal utility of 8 utils as well as the price of the amounts of $1 which means that PRODUCT Y marginal utility and price is lower than that of PRODUCT X marginal utility and price.

Therefore equal marginal principle suggests that Oscar should INCREASE his consumption of product Y and DECREASE his consumption of product X reason been that product Y has a lower marginal utility of 8 utils and the price of the amounts of $1 which means that his consumption of Product Y has to be INCREASED while product X on the other has a higher marginal utility 10 utils as well as the price of the amounts of $5 which means that his Consumption of Product X has to DECREASED.

7 0
3 years ago
What is 5 x + 3 + 3x
elena-s [515]
5x + 3 + 3x = 8x + 3
7 0
3 years ago
Franco and Jason share income and losses in a 2:1 ratio after allowing for salaries of $14,100 and $42,900, respectively. If the
poizon [28]

Answer:

The answer is $37,800

Explanation:

Franco and Jason share profit and loss in the ratio 2:1.

2 is for Franco and 1 is for Jason.

The addition of the two ratios is 3.

Jason's capital account will be his salary minus his share from the loss.

Jason's share from the loss is:

1/3 x $15,300

=$5,100

Jason's salary is $42,900

Therefore, Jason's capital account will increase by:

$42,900 - $5,100

$37,800

6 0
3 years ago
Suggest any five entrepreneurial qualities which may contribute to the success of Toyota South Africa
lina2011 [118]
Entrepreneurial qualities are those qualities and skills which an entrepreneur possesses and which can be utilized to make his business a successful one.
Entrepreneurial qualities include the following: disciplined, determination, creativity,strong human relation skills, competitive behavior, open mindedness, self confidence and self starter attitude.<span />
8 0
3 years ago
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