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kramer
3 years ago
8

Nathan buys a new microwave for $200. The microwave’s label bears a disclaimer that the manufacturer is not liable for consequen

tial damages. A week later, while Nathan is baking cookies, the oven emits sparks and damages the electrical wiring in the kitchen. An electrician comes and informs Nathan that the oven malfunctioned and that the cost of repairs in his kitchen will cost $2,000. What can Nathan recover from the oven manufacturer? a. $2,500 b. $1,800 c. $200 d. No damages can be recovered.
Business
1 answer:
Rainbow [258]3 years ago
5 0

Answer:

Option (c) $200

Explanation:

Data provided in the question:

Cost of the microwave = $200

Cost of repairs in the kitchen = $2,000

Now,

The damage caused in the kitchen is due to the malfunctioning of the microwave.

But the disclaimer on the microwave’s label already mentioned that the manufacturer is not liable for consequential damages.

here,

The damage in the kitchen is consequential damage to microwaves.

Hence,

the manufacturer of the oven will only give $200

Option (c) $200

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If over a short time there is an increase in the number of people retired and a decrease in the number of people working, then p
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Answer:

a. rises but real GDP per person falls

Explanation:

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GDP increases as the income increases. This is because people have more money to spend on goods and services.

So if people are retiring they will earn pension that will be spent. This increases productivity of the economy.

However since the number of people working is reducing there will be a reduction in real GDP per person. Only few people are producing and output will be allocated to a large population many of whom are not working.

6 0
3 years ago
Customers learn to trust companies that consistently demonstrate good behavior. Those same companies can lose this position with
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Answer: True.

Explanation:

A business brand earns a customer's trust gradually with time, by consistency and honesty on the part of the business brand. This customer trust can easily be lost, if the business brand is engaged in even a little scandal or reckless act.

3 0
3 years ago
You have $25.36 in your account. You make deposits of $36 and $78 and make a withdrawal of $61.24. How much is in the account?
vagabundo [1.1K]

Answer:

78.12

Explanation:

8 0
2 years ago
Ross has decided that he wants to build enough retirement wealth that, if invested at 6 percent per year, will provide him with
Masja [62]

Answer:

Monthly savings= $3,584.42

Explanation:

Giving the following information:

Ross has decided that he wants to build enough retirement wealth that, if invested at 6 percent per year, will provide him with $4,600 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires.

First, we need to find the final value.

FV= (4,600*12)*30= $1,656,000

Now, we can calculate the monthly deposit:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

i= 0.06/12= 0.005

n= 20*12= 240

A= (1,656,000*0.005)/[(1.005^240)-1]= 8,280/ 2.31= $3,584.42

6 0
2 years ago
Field Farms and Gourmet Restaurant enter into a contract for a sale of produce. After Field Farms ships the lettuce but before t
Mkey [24]

Answer: D.) Regardless of the quantity.

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5 0
3 years ago
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