Answer:
The correct answer is letter "B": False.
Explanation:
Anticipatory repudiation is the act by which one party notifies the other intentions of not continuing with their relationship -typically tied to a contract- because of different factors. Those factors sometimes are specified in the terms of the contract and must be met for a Court to qualify the case as an anticipatory breach.
Thus, in the example, <em>Helen should retract her anticipatory breach since she will be able to make the payments for the gas service even though Paris changed the supplier.</em>
Answer:
Loss in the contract = -$330.
Explanation:
Selling price per futures contract = $1,696
Current Value of the future contract = $1,707
Since the price has increased, there is a loss.
Loss per contract - 1696 - 1707 = -11
Total loss in the trade = -11 * 10 (size of contract) * 3 (Number of contracts) = -$330
Answer:
The opportunity cost of producing the 201st good is more than 5Y.
Explanation:
Opportunity cost is defined as the cost of next best alternative forgone. The law of increasing cost states that as production increases, the opportunity cost does as well.
So the opportunity cost of 201st unit will be more than the opportunity cost of 101st unit which is 5Y.
Quantity demanded refers to the total number of units that are purchase at that price.
When you are in demand of something, it means you want/need something. Quantity refers to the amount of something you want/need. In this situation you are purchasing the amount you need at the set price given.
