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d1i1m1o1n [39]
3 years ago
8

Stephanie is a real estate salesperson employed by Pacific Coast Properties. She sells a home listed by another broker, Island V

iew Realty. After escrow was opened, but before closing, she asks the Island View broker for a $1,000 advance against her commission. What happens if the Island View broker agrees?
Business
1 answer:
deff fn [24]3 years ago
3 0

Answer:

It will be a violation of real estate law

Explanation:

Based on the information provided within the question it can be said that the if the Island View Broker agrees It will be a violation of real estate law. This is because until a deal is completely closed the deal can change and not go through. Some states and brokers allow this but will provide a discounted commission.

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Answer:

Average total cost= $46

Marginal revenue= $33

Explanation:

In this instance the monopolist's total cost is the revenue from sale of one unit less the economic profits per unit

Economic profit per unit= 2,700/900

Economic profit per unit= $3

Average total cost= (Price per unit) - (Economic profit per unit)

Average total cost= 49 - 3= $46

For this instance marginal revenue is equal to marginal cost.

Marginal revenue= Marginal cost= $39

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Answer:

Please find the complete question in the attached file.

Explanation:

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Providers' bargaining power — In this industry, several companies offer low-cost services, which indicates the suppliers have much less bargaining energy.

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