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inn [45]
3 years ago
7

In a construction contract, if the owner breaches before construction begins, the contractor can receive _____. If the owner bre

aches during construction, the contractor can recover _____ plus _____ incurred. If the owner breaches after construction is completed, the contractor can receive the _____ plus _____.
Business
1 answer:
r-ruslan [8.4K]3 years ago
8 0

Answer: The correct answers are:

- profits.

- profits.

- costs.

- contract price.

- interest.

Explanation: In a construction contract, if the owner breaches before construction begins, the contractor can receive <u>profits</u>. If the owner breaches during construction, the contractor can recover <u>profits</u> plus <u>costs</u> incurred. If the owner breaches after construction is completed, the contractor can receive the <u>contract price</u> plus <u>interest</u>.

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$64.76

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To find the PV using a financial calculator:

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grandymaker [24]

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For example, let say that the price in creating the product (or buying) is $15. This means that right now, the company loses $15 for one of the products. To make a profit, the selling price must be >$15. However, (unless they are a monopoly, such as, for example, electrical companies) there are competitors that they must fight with to get customers. Of course, there are other things that can affect the price, depending on the demographic and area.

So how does supply and demand affect the equilibrium price? The limits of the supply & the amount of demand would help determine the price by the amount of people buying and the supply of the product.

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