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lyudmila [28]
4 years ago
10

Troy, who is 18, offers to sell Jenna, who is also 18, his car for $5,000. Jenna accepts Troy's offer, but only agrees to pay $4

,500 for the car.
Which of the following contract elements has not been met?
a. Contractual Capacity.
b. Offer.
c. Acceptance.
d. Legality.
Business
1 answer:
serg [7]4 years ago
3 0

Answer:

correct answer is c. Acceptance

Explanation:

given data

Troy age =  18

Jenna age = 18

offer price = $5,000

acceptance price   = $4,500

as we know for contract 2 main condition should be fulfill that is Offer and acceptance

and here Offer is provided by Troy in contract

but acceptance from any other person accept offer as it is accepted as offer itself so we can say contract is valid

but here no any acceptance in this contract rather than it is counter offer

so correct answer is c. Acceptance

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Rimary marketing research is more expensive than secondary market research
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4 0
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Assume there is an increase in Government spending of $10 and the aggregate MPC is 0.8. Of the $8 of income that is received in
Rzqust [24]

Answer:

$50

Explanation:

For computing the amount which is spent on consumption, first we have to determine the multiplier spending which is shown below:

Multiplier spending = (1) ÷ (1 - MPC)

                                = (1) ÷ ( 1 - 0.8)

                                = 1 ÷ 0.2

                                = 5

And, the government spending is $10

So, the consumption amount spent would be

= 5 ×$10

= $50

3 0
3 years ago
A manufacturing company currently produces 1,000 units of a product at a cost of $5,000. The units sell for $7,000. Alternativel
Murljashka [212]

Answer:

The company should not further process the product as it results in income reduction by $1000.

Explanation:

According to the given data, company current profit for 1000 units is :

= (cost of sell) - (cost of manufacturing)

= $7000 - $5000

= $2000 (current profit)

While when company further process the product, the profit will be :

= (cost of sell) - (cost of manufacture)

= $10000 - ( $5000 + $4000)

= $10000 - $9000

= $1000

It clearly shows that further processing the product may result in reduction of profit by $1000.

Hence the company should not further process the product.

4 0
4 years ago
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frosja888 [35]

Answer:

Answer is option b, i.e. purchase of natural gas by U.S. households.

Explanation:

Consumption component of U.S. GDP includes purchase of various durable goods, non-durable goods, and also various intangible services. But anything that is purchased as a means of investment rather than for personal consumption is not regarded as consumption component in GDP. Here, purchase of newly constructed houses is an asset and thus, is not included in these components. Similarly, purchase made for business purposes is also excluded from the list of consumption components.

8 0
4 years ago
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