An employement contract if Edna is unable to complete the procedure, another surgeon with the minimum degree of expertise required for the procedure must take over the contract.
This example’s procedure is risky and connected to a risky surgery that would be best handled by Edna. Since the contract was based on Edna’s experience, it cannot be transferred to someone with the lower level of expertise required for this activity.In this case, Edna, a renowned brain surgeon in the United States, signs a contract to operate delicately on Ben’s brain. Edna, who has a lot going on, wants to give Charles, a less experienced surgeon who would be doing his first procedure of this kind, this contract because she is so busy.Because the contract between Ben and Edna involves personal talent, Ben can object to and stop this assignment (brain surgery).Evidently, Edna’s position as the top brain surgeon in the USA can be attributed to her competence and professionalism. With this knowledge at his disposal, Ben decided to enter into a contract with Edna, a skilled brain surgeon.
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Answer:
$15,000
Explanation:
Calculation for Usher Sports Shop’s cash flow from operations for 2018
Cash flows from investing activities $440,000
Less Cash flows from financing activities ($450,000)
Less Net change in cash and marketable securities ($25,000)
($625,000-$600,000)
Cash flow from operations for 2018 $15,000
Therefore Usher Sports Shop’s cash flow from operations for 2018 will be $15,000
Answer:
Option (C) is correct.
Explanation:
Consumer income is one of the main determinant of demand. Consumer income is related with the demand of normal and inferior good.
If there is an increase in the income of a consumer then as a result the demand for a normal good increases and shifts the demand curve rightwards.
If there is a fall in the income of the consumer then as a result the demand for a normal good also decreases and shifts the demand curve leftwards.
Alternatively, the consumer income is inversely related with the demand for inferior goods.
The economic system in the USA is rooted in the Laissez-Faire
capitalism of Adam Smith. However, the real-world setting in the US is not as Laissez-Faire
as Smith would have liked because the government greatly participates as more
than umpire and rule maker. The government take part in American Business by
way of resource or product markets, interest, and especially taxes which
results in making the American business progressed into a mixed economy,
showing both elements of capitalism and socialism.
Other factors such as <span>foreign
competition, the Great Depression, World Wars I and II, and the increasing age
of population have also contributed to the mixed economic system.</span>
Answer:
The correct answer is option B.
Explanation:
The total revenue and profits of the industry as the price level increases with increase in the demand.
When there is an increase in the demand for the output of an industry, that industry will increase the production to match the increase in the demand. The increase in production will cause output level to increase.
In order to produce more output the industry will require more inputs, so the demand for inputs will increase.
An increase in the demand for inputs will be accompanied by increase in their prices.
There will not be any decline in the price of inputs.
