<span>If
a competitive firm can sell a ton of steel for $500 a ton and it has an average
variable cost of $400 a ton, and the marginal cost is $600 a ton, the firm
should reduce its output. The reason for the reduction of output is the
marginal cost it will have. The marginal cost exceeds the selling price of the
product which is a bad sign for the company.</span>
Answer:
See explanation below.
Explanation: At common law, minors are allowed to enter into contracts, never minding their provisions. The validity of the contract and its' individual provisions themselves, may or may not be enforceable depending on many other factors.
Therefore, exculpatory clauses are generally not favored by courts and when they are upheld, they are construed strictly against those attempting to invoke them.
Beaver attempted to disaffirm the contract in what is assumed to be a reasonable time by her action of filing suit against the operator. However, most states only permit a minor to disaffirm a contract in its' entirety.
some courts refuse to allow minors to disaffirm fully performed contracts unless they can return all consideration received; and some courts permit disaffirmance but subject the minor to tort liability for his or her misrepresentation.
Also, the court could conclude that Beaver did in fact implicitly accept its terms. However, when a minor enters into a contract, she or he may only accept the terms of the previously unenforceable contract if they do so within a reasonable time after they reach the age of majority. Beaver's filing of a lawsuit against the operator likely constitutes an action intending to implicitly disaffirm the terms, the absence of which is required to affirm a contract by a minor.
Answer:
b. Making decisions regarding monetary policy
Explanation:
The answers for the blank space are in bold.
There are 7 members of FOMc board. They decide which policy interest rate should be by consider the current economic growth from GDP and unemployment. Then, they vote for the desired rate.
The mechanism on managing the rate in the market is changing money supply in the market by using open market operation. they will sell the United State treasury securities to increase the money supply, and do otherwise to increase it.
Answer:
the answer is 1 I do in fact think
Heating Degree Days
In comparison to San Francisco, Richmond, Virginia has a higher high temperature and a lower low temperature. And San Francisco has a more steadily averaged temperature for both highs and lows throughout the year, less extreme variation.
And although the average winter temperatures discussed in the question is significantly lower for Richmond, the issue with having similar amounts of heating degree days, relates to the outside air temperature falling below 65 degree Fahrenheit.
A heating degree day corresponds to the time when it is necessary to heat a building due to the outside air temperature falling below this threshold - the level or number of 65 degrees.
Though seasonal differences exist for both San Francisco and Richmond, as presented by the winter average differences, both of these cities fall below the 65 degree Fahrenheit level or Heating Degree Days at a similar rate, but San Francisco is not as much. Both cities transition to above this temperature during the warmer months, San Francisco by a smaller amount than Richmond, but like Richmond, still above the 65 degree level.
