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Alexxx [7]
4 years ago
5

When the interaction of producers and consumers determine the prices of goods and services in an economy, it is:

Business
1 answer:
miskamm [114]4 years ago
7 0

Answer: Market economy

Explanation:

A market economy is a form of economic system whereby the economic decisions that are taken in the market and the prices of goods and services in the market are done through the interactions that takes place between the individuals and the firms. In this economy, there is little or no interventions from the government.

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Melissa is a minor who agrees to purchase a car from Umberto for $10,000 one month after she turns eighteen years of age. On tur
BartSMP [9]

Answer:

enforceable because it has been expressly ratified by Melissa.

Explanation:

A contract is defined as a legally binding agreement between parties, and is enforceable on both parties involved. There is usually an offer and acceptance to make the contract valid and enforceable. It can involve exchange of goods and services, or future promise to exchange goods and services.

In this instance bMelinda agreed with Umberto that she will buy a car from him when she turns 18 years. The condition to the contract was Melinda turning 18 years.

She has ratified this condition so the contract is now enforceable.

7 0
4 years ago
What happens if a jury duty summons is sent to the wrong address?
Pavlova-9 [17]
The individual should have their address updated, although if it's the fault of the court, there won't be a penalty or anything, but the individual will need to justify what happened.
6 0
3 years ago
Which job in the Finance career would be best for someone who had knowledge of banking and credit systems and the ability to rep
Lerok [7]
A. Let me know if I'm wrong
5 0
3 years ago
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If the seller dies before you accept the offer, the contract is unenforceable under the defense of impossibility. False True
Elodia [21]

Answer:

of the seller dies before you accept the offer, the contract is unenforceable under the defense of impossibility is true

5 0
3 years ago
Company A sells paper coffee cups to all Caribou Coffee locations in the US. Company B sells dinner plates to Applebee’s. Compan
Vladimir79 [104]

Answer:

Company A and Company B

Determination of annual revenue:

a) The information needed to determine which company has higher annual revenue include:

i) The annual quantities of packs of paper coffee cups sold to the Caribou Coffee locations in the US for a number of years.

ii) The annual quantities of dinner plates sold to Applebee's for the same years as above.

b) The annual revenues can be calculated by multiplying the price for a pack of 100 cups by the annual quantity sold.

Explanation:

Revenue is a function of price and quantity sold.  The price is unit selling price and the quantity depends on the period for which revenue is being computed.

Revenue is the earnings from the sale of goods and services.  The excess of revenue over cost of sales gives the gross profit, from which expenses would be deducted to arrive at net income after adding other incomes from non-operational activities.

3 0
4 years ago
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