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Tom [10]
3 years ago
13

Which of the following is involved in a situation in which a person refuses to perform according to a contract unless the other

person either signs another contract with the one making the threat or pays that person a higher price than was specified in the original agreement?A. Fraudulent duressB. Conditional duressC. Negligent duressD. Economic duressE. Undue influence
Business
1 answer:
nika2105 [10]3 years ago
7 0

Answer:

D. Economic duress

Explanation:

Economic duress -

It refers to the condition in the contract, where the first party threatens to cancel the deal, as the other party does not agrees to the demand of the first party, is referred to as economic duress.

The condition arises in case of any major feud between the two parties, where one of the party is left with no choice, but to follow the other party.

It is a type of forceful situation.

Hence, from the given scenario of the question,

Economic duress is showcased in the question, as one party threatens to cancel the contract, unless and until the second party agrees to all the conditions.

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Heather wants to buy a new tent. she so far has saved $23 and her parents have told her that any remaining money she saves they
brilliants [131]
A $66.50

First take the money she already has from the total.
156-23=133

Then divide this by two. She only needs to save half of this as her parents will match the half she saves.
133÷2=66.5
$66.50
7 0
3 years ago
Suppose that out of the original 100 increase in government spending, 33 will be recycled back into purchases of domestically pr
serious [3.7K]

Answer:

Multiplier effect in the 4th round = 3.58

Explanation:

A change in aggregate demand can create a much greater impact in the equilibrium national income. This is known as the multiplier effect. This occurs when injections of new demand for goods and services into the circular flow of income creates further rounds of spending. For example, if the government spending was on building new affordable houses then the need for housing materials will create demand for wood, cement and other housing supplies. Thus, these businesses will see a rise in sales. Whilst they benefit through profits, their employees would benefit from wages and salaries. As their income rises, they will spend it in the economy, and so will the businesses from their profits. This additional rounds of spending is the multiplier effect.

If a 100 increase creates 33 for the second round, it is 33% (33/100 x 100) i.e. 100 x 33% = 33

This is proven since 33 x 33% = 10.89 in the third round.

Hence, the multiplier effect in the forth round = 10.89 x 33% = 3.58

7 0
3 years ago
To maximize utility, a consumer should allocate money income so that the Multiple ChoiceA) elasticity of demand on all products
ikadub [295]

Answer:

D) Marginal utility of the last unit of each product consumed is the same.

Explanation:

To maximize utility with a given income constraint, a consumer must chose products to maximize utility. This can be done so that each extra dollar, which is the marginal income, spent on each of these products yields the equal marginal utility. For example if one product yields more marginal utility per marginal dollar spent, the consumer should reallocate their income so they consume more of this product and less of others, so much so that the utility derived from this product equals utility derived from other products.

Utility is maximized when these marginal utilities per marginal dollar spent coincide.

Hope that helps.

6 0
3 years ago
A technology company is growing rapidly and needs to hire experienced developers and marketing professionals. The best people in
Vitek1552 [10]

Answer:

A technology company is growing rapidly and needs to hire experienced developers and marketing professionals. The best people in these fields usually have jobs and need to be enticed to apply elsewhere. To identify individuals who are likely to be a good match, hiring managers should<u> use social media.</u>

EXPLANATION:

Nowadays, social media has taken over and has helped in making several tasks easier. Job search and hiring have been made a lot easier by the use of social media platforms.

The hiring managers of the technology company should use social media platforms, for example, LinkedIn to reach out for all people that fit into the job. Using social media, one can easily screen out for people having experience similar to the job requirements.

6 0
3 years ago
At XYZ Corp., the master schedule reflects the fact that 50 percent of its output is product version A, 30 percent is version B,
Makovka662 [10]

Answer:

The weekly production for version A be 100 units

Explanation:

According to the given data we have the following:

The Total aggregate forecast for the year=10,400 units

Number of weeks per year=52 weeks

The weekly production=Total aggregate forecast for the year/ numer of weeks

The weekly production=104,00/52=200 units

Therefore, the weekly production for version A=50%of 200 units

The weekly production for version A=100 units

The weekly production for version A be 100 units

6 0
3 years ago
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