Answer:
Willing to pay $3,800 for a used car.
Explanation:
Low Quality Used Car = $1000
Probability of getting low quality used car = 60%
High Quality Used Car = $8,000
Probability of getting high quality used car = 40%
Since both the low quality and high quality are used cars, we can calculate how much to pay for used car by taking weighted average of high quality and low quality used cars, and, assign weights as the probability of getting each car:
⇒(1,000 * 60%) + (8,000 * 40%)
⇒ 600 + 3,200
⇒ $3,800
Answer:
<u>True </u>
Explanation:
The above statement that, Agency relationship are normally consensual , coming about through voluntary consent and agreement between the parties is true.
The agency relation is defined as a relation in which a company or any person allow any another person or we can say agent to act on his behalf.
The must listen and follow the instruction of the company or the person.
In agent relationship there are two parties who are involve in it they are the principal and the agent . The principal is the person who hire the agent to act on his behave. It is fully a formal or we can say a business relation where the principal or the main person allow the agent to act on his behalf with the third party . There should be loyalty on the behalf of both the parties.
B. Payments to companies for hiring of workers
I will get to work on your questions right now!
