Answer:
C) Louis has not accepted and there is no contract.
Explanation:
In this scenario, Laura offered to sell Louis a tract of land. The offer was complete and certain as to all material terms but the offer stated that a telegraphed acceptance was required. Within a reasonable time, Louis telephoned Laura to accept but this doesn't translate to acceptance because Louis has not done the needful to present or send a telegraphed acceptance.
Hence, in this situation, Louis has not accepted and there is no contract yet.
Under the Uniform Commercial Code (UCC), an offer has been accepted only when Louis (the offeree) performs the requisite act by Laura (the offerer).
In this case of selling a tract of land, a telegraphed acceptance is the authorized and authentic means of communication of acceptance.
Additionally, a Uniform Commercial Code (UCC) is a legal principle, regulations and standard set of laws for transactions of business between two or more parties.
Answer:
$13.80
Explanation:
Variable costs:
Directmaterial cost $6.05
Direct labor $3.05
Variable manufacturing overhead $ 1.70
Variable manufacturing overhead <u> $ 3.00 </u>
Total variable cost <u> $13.80 </u>
All the additional cost incurred to manufacture each extre unit will be incremental manufacturing cost of the 5,001th unit. So, the correct answer $13.80.
Answer:
In our present American free enterprise economic system:
Some people want to see pure capitalism being put in place. This means that there is no government interference with the workings of the economy. Some others, including the government, have understood that there is no perfect capitalism. As such, they call for government intervention to ensure that economic crises are not allowed free reign.
Adam Smith, as a philosopher, vehemently advocated for a free market economy without any form of government interference. He did not even support the imposition of taxes by the government. John Maynard Keynes also supported a free market economy, but he advocated for some government intervention from time to time. John Keynes stated that government must intervene during economic crises through subsidies.
Explanation:
Adam Smith elevated the economic theory of laissez-faire. He noted that the free markets needed only the invisible hand to regulate themselves by means of competition, supply and demand, and self-interest. John Keynes advocated for increased government expenditures and lowering of taxes as two important means to stimulate market demand and pull the global economy out of depression.
Answer:
b. 10% doubling
Explanation:
Options are <em>"a. tripling, b. 10% doubling, c. 90% tripling, d. 90% doubling, e. 10%"</em>
In this question, 90%(0.9) learning rate means that (1-0.9)10% unit of input is reduced each time the production is doubled. In a nutshell, the learning curve percentage represents the proportion by which the amount of an input per unit of output is reduced each time production is doubled.
Answer:
a. more of good B being sold.
Explanation: