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3 years ago

Which of the following contract subject matters would not be covered under the UCC?

Business

1 answer:

melomori [17]3 years ago

4 0

Answer:

Correct option is (c)

Explanation:

UCC is the abbreviation for Uniform commercial code that has been established for the purpose of sale of personal as well as business property.

Artcle 2 under UCC deals with sales and leases. As per this, any item identified as a good that is movable at the time of sale is considered subject matter of contract. So mobile house is covered under this article. Lot, however, is a single unit which is considered as a separate item for sale and cannot be combined with mobile home under UCC.

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After much consideration, you have chosen Cancun over Ft. Lauderdale as your Spring Break destination this year. However, Spring

denis-greek [22]

Answer:

B. The marginal cost of going to Ft. Lauderdale decreases.

Explanation:

Consider marginal cost and benefit before making a purchase.

Marginal cost is the increase or decrease of the cost of a particular actions.

Marginal benefit is the increase or decrease of the benefit of the action.

For example, if two items are identical and priced differently, the marginal benefit increases when the lower price is selected.

If two items are similar but not identical you would have to assess the cost and benefits of each more.

If marginal cost exceeds the marginal benefit you shuold not purchase the item or consider another option.

In this case, the only option that may reverse this desition is that the marginal cost of going to Ft. Lauderdale decreases.

7 0

4 years ago

Which of the following would not interfere with market equilibria? a. a non-binding price floor b. a binding price ceiling c. a

nignag [31]

Answer:

A) a non-binding price floor

Explanation:

A non-binding price floor is a price floor set below the current equilibrium price, so it really doesn't affect either the supply or demand of the product.

A binding price ceiling will result in a shortage since it decreases quantity supplied and increases quantity demanded. Rent control is a type of binding price ceiling. A minimum wage is a type of binding price floor which results in labor supply surplus since the quantity of labor supplied will increase but the quantity of labor demanded will decrease.

3 0

3 years ago

explain why, in general, it is difficult but important for current oligopoly members to incorporate into the cartel any large pr

Aliun [14]

In instance, cartels frequently develop in marketplaces where there are few firms and each firm has a sizable share of the market, which are the same circumstances that lead to an oligopolistic market.a

Oligopolistic businesses join cartels to gain more market sway, and the group's members collaborate to decide on the volume of output and/or price each member will produce. The cartel members might act like monopolists because of their cooperation. For instance, if each company in an oligopoly offers an undifferentiated good like oil, each firm will encounter a horizontal demand curve at the market price.However, if the oil-producing companies band together to set their output and price, like OPEC does, they will all have to contend with a downward-sloping market demand curve, just like a monopolist. The cartel actually makes the same decision to maximize profits as a monopolist would. The cartel members decide on their collective output at the point where their marginal costs and revenues are equal. The market demand curve at the output level the cartel selects determines the cartel price.

To know more about cartel:

brainly.com/question/16098995

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8 0

1 year ago

The art of getting the greatest benefit from limited financial resources is called A. inflation. B. financial management. C. mar

Zina [86]

The art of getting the greatest benefit from limited financial resources is called D. profit. Profit is what someone has received after they sell an item and subtract their operating costs from it. When a company or person wants fogure out their benefit or return on a product they can figure out their profit by adding up the costs and subtracting from the selling price.

6 0

3 years ago

Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four

Artist 52 [7]

Answer:

y =$115.75 + $8.36X

Explanation:

Calculation for what is the cost formula for this cost Using the least-squares regression method

First step is to calculate the Total amount of Period 1 to Period 4

Month Activity(X) Cost(Y) Square of X X*Y

Period 1 32 $388 $1,024 $12,416

Period 2 31 $377 $961 $11,687

Period 3 30 $362 $ 900 $10,860

Period 4 35 $406 $1,225 $14,210

TOTAL 128 $1,533 $4,110 $49,173

Second step is to calculate Unit Variable Cost using this formula

Unit Variable Cost = nΣxy − (Σx)(Σy) /nΣx^2 − (Σx)^2

Where,

n =4

Σx =128

Σy =1,533

Σx^2=4,110

Σxy =49,173

Let plug in the formula

Variable cost per unit =4*49,173 - (128*1,533) / 4*4,110 - 128^2

Variable cost per unit=(196,692 - 196,224) / (16,440 - 16,384)

Variable cost per unit= 468 / 56

Variable cost per unit=$8.36

The third step is to calculate Total Fixed Cost

Using this formula

Total Fixed Cost = Σy − bΣx / n

Where,

Σy=1,533

bΣx=$8.36*128

n=4

Let plug in the formula

Total Fixed cost =1,533 - ($8.36*128) / 4

Total Fixed cost =(1,533 - 1,070) / 4

Total Fixed cost =$463 / 4

Total Fixed cost =$115.75

Hence,the cost formula for this cost will be:

Cost formula=Total Fixed cost + Variable cost per unit

y =$115.75 + $8.14X

Therefore Using the least-squares regression method, the cost formula for this cost is y =$115.75 + $8.36X

6 0

4 years ago