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3 years ago

A minor has the legal right to repudiate

Business

1 answer:

yan [13]3 years ago

8 0

Answer:

any individual under the age of 18 years. ... This rule is subject to several types of contracts which a minor will be bound by, and his right to repudiate such contracts.

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Question 2

laila [671]

Answer:

Explanation:

Calculate the payback period and net present value for each project assuming a 10 % discount rate

7 0

2 years ago

Suppose an early freeze affects the market for oranges. The equilibrium quantity in this market will not change after the change

BlackZzzverrR [31]

Answer:

2) perfectly vertical

Explanation:

When the price elasticity of demand is perfectly inelastic, the demand curve is perfectly vertical. This means that the quantity demanded will remain the same no matter what price.

In this scenario, the supply curve for oranges shifted to the left due to the early freeze, which results in a price increase at every level of quantity demanded. Since the demand is perfectly inelastic, the new equilibrium price will be determined by the how much the supply curve shifts.

3 0

4 years ago

An increase in the price of cheese crackers from $2.25 to $2.45 per box causes suppliers of cheese crackers to increase their qu

Juliette [100K]

Answer:

The correct answer is C) "elastic, and the price elasticity of supply is 1.74"

Explanation:

Formula:

( (Qf - Qi) ÷ ((Qf + Qi) ÷ 2) ) ÷ ( (Pf - Pi) ÷ ((Pf + Pi) ÷ 2) )

Quantity Price

Lets remplace:

Qi = Initial Quantity = 125 boxes

Qf = Final Quantity = 145 boxes

Pi = Initial Price = $2.25

Pf= Final Price = $2.45

Quantity Price

(145 - 125) ÷ ((145 + 125) ÷ 2) ÷ (2.45-2.25) ÷ ((2.45+2.25)÷ 2)

= (20) ÷ (270÷ 2) = (0.2) ÷ (4.7 ÷ 2)

= 20 ÷ 135 = 0.2 ÷ 2.35

= 0.148 = 0.085

Finally: we divide the result of quantity into the result of price

= 0.148 ÷ 0.085

= 1.74

To classify into elastic or inelastic:

When Pes > 1, then supply is price elastic

When Pes < 1, then supply is price inelastic

When Pes = 0, supply is perfectly inelastic

Answer: <em>Elastic, and the price elasticity of supply is 1.74</em>

4 0

3 years ago

At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, what should the monopol

Eduardwww [97]

At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, the monopolist should keep the price at same level in order to maximize profits.

For increasing the profits the monopolist should increase the marginal revenue to $8 so that the mr =mc.

Every firm follows the rule of profit maximization. In this rule marginal cost is equal to the marginal revenue and the MR intersects the MC curve the profit will be the maximum at this level.

The marginal cost of production and marginal revenue are the economic measures which are used to determine the amount of output and the price per unit of a product that will maximize profits.

To know more about marginal revenue here:

brainly.com/question/13383966

#SPJ4

6 0

2 years ago

Pier is trying to determine which leadership style to use in making a decision that may have a major impact on his company. He’s

oksian1 [2.3K]

Answer:

The answer is: Normative leadership model

Explanation:

The normative leadership model requires Pier to analyze the following seven situations:

How will my decision will affect the organization?
Is it important that team members are committed to the decision making process.?
As a leader, do I possess the knowledge to solve try to solve this issue?
If only I are responsible for making the decision, will the rest of the team be committed to it?
My team members support me and the organization?
The team members possess the knowledge to try to solve this issue?
Can team members unite and really work as a team to solve this issue?

Depending on what Pier believes the correct answers are for the above questions, he can decide to use one of the following decision making processes:

Decide: Pier makes the decision by himself with little or no participation of the team members.
Consult (Individually): Pier consults the team members individually, deciding what information to use, and then makes a decision by himself.
Consult (Group): Pier organizes a group meeting where all members express their opinions, then decides what information is useful and makes the decision by himself.
Facilitate: Pier organizes a group meeting and presents his opinion and every group member participates. The decision is made by group consensus.
Delegate: Pier leaves the decision making process entirely to the group members and doesn't participate in it.

6 0

3 years ago