I'm confused. I don't see mortgage 1?
The contract piece of information in the sales contract does not help the parties specify exactly which property is being purchased.
As explained above, the sales contract should include buyer and seller information, legal description of the property, closing date, down payment amount, contingencies, and other important information about the sale. The essential elements of a sales contract are: (b) identify the subject; (c) prize money or its equivalent;
As a general rule, the full sales contract clause should state that the written contract constitutes the entire agreement between the parties. The clause must also state that the contract supersedes any previous agreements between the parties.
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Answer:
units of output = 2 units
fixed cost = 8
Explanation:
given data
SMC = 2 + 4Q
AVC = 2 + 2Q
to find out
how many units of output will it produce at a market price and what level of fixed cost will this firm earn zero economic profit
solution
we know here that under perfect competition
so at the equilibrium here Price (P) will be = MC
P = MC = 10
and
SMC = 2 + 4Q ,
P = 2 + 4Q
10 = 2 + 4Q
Q = 2 units
and
at zero economic profit we get
TR = TC
TR = P × Q
TR = 10 × 2
TR = 20
so
TC = TFC + TVC
20 = TFC + 12
TFC = 8
because here [ TVC = AVC × Q ]
[ TVC = (2 + 2 × 2) × 2 ]
[ TVC = 12 ]
Another factor that the owner of this house can bring forward in order to prevail on the case is that That his land would have been damaged without the storage shed or that the contractor was negligent.
<h3>What is negligence?</h3>
This refers to all sorts of damages that could occur due to the fact that a person has failed to take care of something.
The negligence of the landowner has ked to the destruction of the neighbors property because the appropriate precautions were not taken.
Read more on negligence here:
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Answer: 15000; 3750
Explanation:
From the question,
Q = 660 – 12P
MC = 5
The consumer surplus in a perfectly competitive market will be:
P = MC
Therefore, P = 5
Q = 660 - 12P = 660 - 12(5) = 660 - 60 = 600
Consumer surplus = 1/2 × (55 - 5) (600)
= 1/2 × 50 × 600
= 15,000
For monopoly, MR = MC
Total Revenue = P × Q
Since Q= 660 - 12P
P = (660 - Q)/12
TR = P × Q
= (660 - Q)/12 × Q
= (660Q- Q²)/12 × Q
MR = (660 - 2Q)/12
MR = MC
(660 - 2Q)/12 = 5
(660 - 2Q) = 5 × 12
660 - 2Q = 60
2Q = 660 - 60
2Q = 600
Q = 600/2
Q= 300
Since P =(660 - Q)/12
= (660 - 300)/12
= 360/12
= 30
Consumer surplus = 1/2 × (55 - 30) (30)
= 1/2 × 25 × 300
= 3750
Therefore, the answer is 15000; 3750
