Answer:
Minimum Expected opportunity loss is design A = $241,500
Explanation:
Designs Revenues probability expected Revenue
A $120,000 0.3 $36,000
$255,000 0.5 $127,500
$390,000 0.2 $78,000
Total 241,500
B $130,000 0.3 $39,000
$295,000 0.5 $147,500
$460,000 0.2 $92,000
Total 278,500
C $100,000 0.3 $30,000
$300,000 0.5 $150,000
$480,000 0.2 $96,000
Total 276,000
Design A and Design C are both opportunity losses but between the two opportunity losses Design A is the minimum expected opportunity Loss.
False. In new relationships, you should handle introductions and procedural issues before tackling the major problems. It is important to establish the working relationship first before trying to deal with the substantive issues.
Guido and hal want to rescind their contract under which Guido sold hal a mountain bike for $100. To rescind the contract. Guido must return the $100 and Hal must return the bike.
<h3>What do you mean by contract?</h3>
- A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties.
- The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts.
- The damaged party may seek legal remedies like damages or rescission in the event of a contract breach.
- The foundation of contract law, which is the area of law of obligations pertaining to contracts, is the idea that agreements must be upheld.
<h3>What constitutes a contract's seven elements?</h3>
- Basics of contracts.
- Classification of contracts.
- Offer.
- Acceptance.
- A gathering of minds.
- Consideration.
- Capacity.
- Legality.
Learn more about contract here:
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The correct answer to this open question is the following.
I would choose the frictional unemployment, that is the result of a common turnover ratio in the work market. The reason why is because it gives employees a chance to aspire to new and better jobs. Sometimes when you stay in one place too long, you create a routine that limits new creations and squash new ideas. It is good to leave and try something new although it represents a risk and often there is a time lag to find the best job in the market. One that matches your aspirations, salary, and possibilities of growth in the company's hierarchy.
Answer:
Myopic loss aversion
Explanation:
Loss Aversion is defined as the likelihood for individuals to strongly prefer making or avoiding losses over getting or acquiring gains.
Myopic loss aversion is simply defined as likelihood to look(focus) on avoiding short-term losses, even at the hands or expense of long-term gains. It is simply written as;
MLA = Loss aversion + mental accounting.
It is a kind of loss aversion that comprises mainly the idea that people do not see far enough into the future to invest in the right sense and as such life cycle hypothesis is forgotten or ignored.