Answer:
1) You should go home and watch TV.
Explanation:
Since you value seeing the play $10, then you should leave the theater and go to your house to watch TV since that has a higher value for you ($12).
We are talking about opportunity costs here. Opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another. In this case the opportunity costs are:
- watch the play = $10
- watch TV = $12
- read a book = $8
Since watching TV is more valuable to you, then that is what you should be doing.
Answer:
No, there is no contract between the two parties because of withdrawal of offer (Revocation) before the acceptance of the other party.
Explanation:
When one party offers another party and after some time the offer maker withdraws the offer by communicating that they had revoked then the offer is no more available to the other party and is often termed as Revocation. So when the offer maker revokes before the acceptance of the offer by the other party then their is no offer at consideration to the other party, which means if there is no offer then their can not be an acceptance of an offer and of course when there is no acceptance then there is no contract.
The communication of revocation was held before the acceptance of the offer of the other party which agains says that the contract was not actually formed.
Answer:
Interest groups are formed to promote the interests or concerns of their members. They are primarily concerned with influencing public policy. Because a key function is to exert pressure on political decision-makers, interest groups are sometimes referred to as 'pressure' or 'lobby' groups.
Answer:
The EOQ is 642
The reorder point is 2,699
Explanation:
In order to calculate the EOQ we would have to calculate the following formila:
EOQ=√2DS/H
According to the given data we have the following:
D = 55,000
S = 21
H=40%*purchase cost
H=0.4*14 = 5.6
Therefore, EOQ=√(2*55,000*21)/5.6
EOQ=642
To calculate the reorder point If a service level of 98% is desired during the reorder interval, we would have to use the following formula:
reorder point=dL+z√σ∧2dL+σ∧2Ld∧2
reorder point=(7*205.22)+√(2.05*√(5∧2*7)+(3∧2*205.22∧2)
reorder point=2,699
True, Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older.
- It does not protect workers under the age of 40, although some states have laws that protect younger workers from age discrimination.
- These legislation collectively changed the workplace by removing obstacles to opportunity and establishing a foundation of fairness and equality.
- Congress acknowledged that age discrimination was mostly brought on by erroneous beliefs that ability was impaired by age when it passed the ADEA.
- Direct and indirect age discrimination are two of the most prevalent forms of this practice.
What is the Age Discrimination Act of 1978?
- Age-based discrimination against older workers in hiring, firing, layoffs, compensation, and other working conditions is illegal under the federal Age Discrimination in Employment Act (ADEA).
- Most employees 40 and older who work for companies with 20 or more employees are covered by the statute.
Learn more about the Age Discrimination Act of 1978 brainly.com/question/15287392
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