Answer: B. must pay a commission of $24,000 to the listing agent.
Explanation:
An exclusive listing agreement is a contractual agreement whereby a listing broker acts as the agent and in this case, the seller will pay a commission to the listing broker.
Since the homeowner has already signed an exclusive-listing agreement, which requires payment of 6% commission to the real estate agent but later finds a couple who purchases it for $400,000. In this case, the homeowner must still funlfil the terms of the contact and pay the listing agent the percentage that was agreed as commission and this will be:
= 6% × $400000.
= $24000
Therefore, $24000 must be paid to the listing agent.
Answer:
cleaning up trash off the side of the road...
Answer:
Option c) how a consumer might trade off different levels of consumption of each of two goods, while staying at the same utility level.
Explanation:
This is the very definition of an indifference curve. The points in an indifference curve are the combinations of the quantities (level of consumption) of two different goods which will produce the very same utility to the consumer. The consumer will perceive any of those combinations as having the same utility for him.
For example, a usual graph of various indifference curves will look like the graph attached.
In this graph the combination of 2 pairs of shoes and 15 pants will be perceived as having the same utility as the combination of 5 pairs of shoes and 4 pants. Both are combinations in the same indifference curve, the green one, and the utility of any combination lying in that green curve will be rated the same: u = 1.
The problem is missing some parts:
First, how many parts should you purchase each time you
place an order.
H=.2*$4 = $0.80
S= $800
R = 50,000
Q = 2SRH
= 2(800) (50000) (.8)
= 10,000 units
The second question is how many timer per year will you
place orders.
Required order = R/Q
= 50000/10000
= 5 times
Answer:
Imitative new entry
Explanation:
This is called imitative new entry. There are business imitators who are interested in capitalizing on existing and proven success in the business venture they want to enter.
It is used by entrepreneurs who have seen business success in a particular business line and then they go ahead to introduce the same service or product in a different segment of the market. Entrepreneurs use this when they think are better equipped to do a job than the already existing competitor.
Seeking products or services that have been successful in one market and introducing the same basic product or service in another segment of the market is referred to as _____________ new entry