I'm not completely sure, but I would say true. In court, it would be their word against the other person's word, and nothing could be legally done to enforce the verbal contract. Only written and signed contracts can be enforced legally.
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-$3,080.
Using the CF function of your financial calculator, input the initial investment as a cash outflow (negative) of $11,400, then each of the cash inflows (positive) as $2,250 for each of the first 5 years and $1,500 for the sixth year. Hit the NPV button and input the required rate of return as 14.4% then the NPV will be -$3,080.
The correct answer is- the MRP exceeds the wage rate.
<h3>How does MRP influence wage rates?</h3>
Basic economic theory suggests that wages depend on a worker's marginal revenue product MRP. (this is basically the value that they add to the firm which employs them.)
MRP is determined by two factors: MPP – Marginal physical product – the productivity of a worker.
<h3>What factors increase wages?</h3><h3>Productivity:</h3>
Wage increase is sometimes associated with increase in productivity.
Workers may also be offered additional bonus, etc., if productivity increases beyond a certain level.
Learn more about MRP and wage here:
<h3>
brainly.com/question/21252933</h3><h3 /><h3>#SPJ4</h3>
In a perfectly competitive market, if one seller chooses to charge a price for its good that is slightly higher than the market price, then it will <u>lose all or almost all of its customers</u>
<h3>
What is a perfectly competitive market?</h3>
A hypothetical market system is referred to as perfect competition. There are no monopolies under a scenario of perfect competition. A few essential traits of this type of structure include:
- All businesses sell the same thing (the product is a commodity or homogeneous).
- Every company is a price taker (they cannot influence the market price of their products).
- Price changes are unaffected by market share.
- Buyers have complete or perfect knowledge of the product being offered and the prices each company is asking (in the past, present, and future).
- Labor and capital resources are completely mobile.
- Companies are not charged to enter or leave the market.
To learn more about perfectly competitive market with the given link
brainly.com/question/13961518
#SPJ4
The answer is false. There are a lot of ways and best methods of maximizing profitability but cutting cost is not the best method because it will likely minimize the profit because the cost are being cut down. That is why the answer would likely be false because it is not the best method.
