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Simora [160]
3 years ago
9

On May 1st, Alpha Oil Company sends an electronic offer via the "cloud" to Zeno Refining Co. as follows: "Offer to sell 10,000 b

arrels of crude oil at $85 per barrel, will hold the offer open until July 1st." On July 2nd Zeno responds with an acceptance to Alpha. But by the time of Zeno's response, the market price of crude oil has risen to $98 per barrel. Alpha says no contract, and Zeno threatens to sue. What result?
Business
1 answer:
Softa [21]3 years ago
7 0

Answer:

Alpha will win because there was no valid contract.

Explanation:

Alpha made a firm offer to Zeno, but the offer clearly stated that it was valid until July 1st and Zeno didn't accept the offer. Time limits matter, and Zeno didn't accept during the valid time limit. Zeno's acceptance can be considered a counteroffer but Alpha can decide to take it or not. Since Alpha didn't consider it a good offer then it can reject it. An offer does not constitute a contract, it must be accepted in order for a contract to exist and be enforceable.

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The city of Ventura would like to build a seawall to protect the city from the threat of tsunamis. Each additional inches of hei
Mnenie [13.5K]

Answer: 110 inches

Explanation:

The Pareto Optimal point is the level at which complete efficiency has been reached. This means that at this point, any other strategy will do more harm than good.

In Production, the optimal efficiency is reached where Marginal Cost equals Marginal Revenue. Same here.

The Pareto Optimal height is the point where the Marginal Revenue (MR) equals the Marginal Cost (MC).

The Marginal Revenue in this scenario is the $11 that each resident will pay.

There are 100 residents so the total is,

= 11 * 100

= $1,100

The Marginal Cost is given by 5i². This can be differentiated for easier calculations.

= (d/dx) nx²

= 2nx

So,

= (d/dx) 5i²

= 10i

Equating MR = MC

1,100 = 10i

i = 1,100/10

i = 110 inches

The Pareto Optimal height for the seawall is 110 inches.

7 0
3 years ago
In the United States, a large fraction of transaction among banks takes place over Fedwire, which is an electronic payments syst
Butoxors [25]

Answer:

Do these statistics indicate that there might be some large measurement error in the official U.S. national income accounts, or is this entirely consistent with official GDP numbers being accurate measures of aggregate economic activity?

The statistics about transactions among bank has nothing to do with a country's GDP. The GDP measures the market value of all the final and legal goods and services produced within a country during a given period. Money being transferred form one bank to another has nothing to do with the production of goods and services.

E.g. I have money on banks A, B and C. Today I decided that I would transfer $10,000 from my account on bank A to my account on bank B because I am interested in cash deposit. After looking at the interest rates paid by a CD, i decided it is not worth it. So I transfer my $10,000 out of bank B, but this time I'm sending it to my account on bank C. During the past 2 days I transferred $20,000 between banks but actually didn't add 1¢ to the country's GDP.

5 0
3 years ago
2.5 million devide to 9 person are?
Elza [17]

277777.777778 is the answer

4 0
3 years ago
Identify how changes within an organization affect the OM strategy for a company. For​ instance, discuss what impact the followi
Ierofanga [76]

Answer:

a. Maturing of a product

When the product reaches its maturity stage, its sales volume reduces considerably. This would require different marketing strategies like product enhancement, price changing or developing new designs, etc.

b. Technology innovation in the manufacturing process

This will cause many changes in the strategy as technological innovation would reduce manual labor cost. Also, the organization would need skilled employees to deal with the new technology.

- Cost cutting is instituted.

- Product changes decrease.

- Design compromises are instituted.

- Labor Skills decrease

- Optimum capacity may be achieved

- Manufacturing process stabilizes

6 0
4 years ago
When the market rate of interest was 12%, Halprin Corporation issued $1,000,000, 11%, 10-year bonds that pay interest annually.
Gennadij [26K]

Answer:

Correct option is (c)

Explanation:

Given:

YTM (yield to maturity) (Rate) = 12%

Coupon rate = 11%

Face value = $1,000,000

Coupon payment (pmt) = 0.11 × 1,000,000 = $110,000

Time period (nper) = 10 years

Selling price of the bond is the present value of the bond which can be computed using spreadsheet function =PV(rate,nper,pmt,FV)

=PV(0.12,10,110000,1000000)

Present value of bond is $943,498 which is close to option (c)

5 0
3 years ago
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