Answer:
The efficient level of security is 4 hours of security.
The equilibrium may not be sustainable.
Explanation:
In order to calculate the efficient level of security we would Set MB=MC i.e. guard's wage for net benefit maximization.
Hence, 100/(1+S)=20
20*(1+S)=10
1+S=5
S=4
Therefore, 4 hours of security is needed
. The efficient level of security is 4 hours of security.
In the followig case Security guards is public good in this case, Public good is non-excludable and non-rivalrous. People cannot be stopped from using it without paying for it. Payment for security guard is voluntary. So, equilibrium may not be sustainable.
This is ab example of a price floor. It is price that set by the government as a minimum price that would be imposed on a product. This value should be higher than that of the equilibrium price to be effective. It is used in order to prevent the prices to be too low.
Answer:
3.2
Explanation:
when we get the 8 minutes and multiply
the rate which is 40% we get 3.2. 8*40/100=3.2 minutes.
Get a job, get money & bam you got money
Answer:
Probably not, because the terms are not definite.
Explanation:
A contract is considered to be valid when there is a written or expressed agreement for one party to deliver goods or services to another.
The terms are clearly stated. For example the price, time of sale, acceptance of price, and so on.
A valid contract has the following elements: offer, acceptance, agreement, and consideration.
In the given scenario where Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future and Matthew eagerly accepts. There is an agreement but there is no specific offer and consideration of price and also the time of transaction.
So the contract is probably not valid because terms are not clearly defined.
