Answer:
Provide the buyer with funds for a foreseeable loss beyond the contract
Explanation:
Consequential damages in contracts is different from incidental or actual damages because it causes a loss that impacts the business of the other party beyond the contract horizon, when the opposite party fails to fulfill his side of the contractual obligations.
In the scenario, Nevada's failure to deliver within agreed contractual timing is not just delaying the time of Meatpackers but as a consequence, is also causing them loss in money terms which will impact their business beyond the contract horizon.
Hence an award of consequential damages to Meatpackers will provide the buyer with funds for a foreseeable loss beyond the contract.
Answer:
Fore cadet for fourth quarter us $1085
Explanation:
One Quarter = 3 months
Demand for quarter 1 = 325 + 440 + 450 = 1215
Quarter Demand in Each Quarter Weighted Forecast
1 1215
2 1280
3 1125
4 1610
5 1010
6 1220
7 1055
8 1085
Weighted moving Average Forecast = ((0.25 * 1010) + (0.25 * 1220) + ( 0.5 * 1055) = 1085
Forecast for the fourth quarter is 1085
Answer: c. Marginal Cost
Explanation:
A Competitive firm operates in a market where they are price takers. This means that the price they charge is equal to both their average revenue and their Marginal Revenue.
P = MR = AR
Companies maximise profit at a point where Marginal Revenue equals Marginal Cost because at this point, resources are being fully utilized.
If the Competitive firm's Price is the same as its Marginal Revenue this means that to maximise profits, the firm should choose an output level where the price is equal to the marginal cost.
Answer:
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Option "b" is correct. It is because that any industry without competition always move towards its fatal destruction. The quality of items being produced in such industry degraded with passage of time. So in this case, the the company that belongs to such an industry has to utilize its economic power for its own survival and in the favor of the remaining industry.
