Answer:
A new breakeven point will be determined.
Explanation:
The law of supply and demand suggests that price and quantity equilibrium are determined by the interaction between supply and demand. This breakeven point may vary as supply and demand change. When supply increases the price decreases and when the price decreases the demanded quantity increases. In this way, a new equilibrium price will be determined at a lower value than the previous price.
Answer:
- $20 profit
Explanation:
In this question, we have to find out the profit which is shown below:
= Total revenue - total cost
where,
Total revenue = 10 units × $10 = $100
And, the total cost = 10 units × $12 = $120
Now put the values to the above formula
So, the value would equal to
= $100 - $120
= -$20 profit
The answer shows that the profit of $20 comes in negative.
A contract that gives the buyer title to goods and the opportunity to return them to the seller at a later time is a<span> contract for sale with the right of return.</span>
Answer:
The defense was not valid as per court.
Explanation:
The Indiana requirement of having license before initiating a credit business is to be fulfilled before starting the transactions and according to the customs when starting such business, a research is properly done to avoid any future claims and get firsthand knowledge of business initiation process.
Flinn’s statement to be unaware of the fact that it is necessary to get license, and non-criminal intentions are not justifiable as per the law because law is more of explicit things rather than implicit, i.e. acts and intentions, respectively.
So, the defense is not justifiable.