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stich3 [128]
4 years ago
13

Mr. Green enters into a contract with Mr. Blue who is a crab fisherman. Mr. Green and Mr. Blue know that Mr. Blue has already ca

ught the number of crabs allowed for the season. But Mr. Green and Mr. Blue agree to a contract to exceed the quota. What is the status of the contract between Mr. Green and Mr. Blue
Business
1 answer:
kobusy [5.1K]4 years ago
4 0

Answer:

The contract is void since it attempts to contract for services that are illegal

Explanation:

Since there is a contract between the Mr Green and Mr Blue and they already know that the Mr blue has already caught the number of crabs i.e permitted in the season but they agree to exceed the quota

Therefore the status should be void as they want to exceed which is not permitted that results in illegal service contracts

Hence, there is a void contract

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Five years from today, you plan to invest $2,500 for 7 additional years at 8.4 percent compounded annually. How much will you ha
V125BC [204]

The amount of money which would be in the account 12 years from today is:

  • $4,396.88

<h3>What is an Investment?</h3>

This refers to the amount deposited in a business or financial institution, with the aim of getting return on investment after a period of time.

CI= P( 1 + r/100)^n

P= initial principal

n= number of times interest applied per time period

r= interest rate

t= number of time periods elapsed

A= final amount

=>   2,500 (1 + 0.084)^7

2500( 1.084)^7

= $4,396.88

Read more about investments here:
brainly.com/question/25300925

6 0
2 years ago
If one worker produces 15 cones of ice cream in an hour, two workers produce 25 ice cream cones, and three workers produce 30 ic
Setler [38]

Answer:

The marginal return of production of the second worker or marginal product of the second worker is 10 cones.

Explanation:

One worker can make 15 cones of ice cream in an hour.

Two workers can make 25 cones in the same time.

While three workers can make 30 cones in an hour.

The marginal return of the production of the second worker is the contribution of the second worker in the total output.

Marginal return

= 25 cones - 15 cones

= 10 cones

5 0
3 years ago
A change in quantity supplied of a product is the result of a change in
jekas [21]
Demand supply and market equilibrium will have many changes due to change in the quantity of a supplied product.
5 0
3 years ago
A radio commercial begins with the following line: "Our competitors think we can't sell furniture for so little money, but we wa
svp [43]

Answer:

refutational appeal

Explanation:

A refutational appeal is a kind of message in which there are two sides of the issue, one side of it acknowledges an opposite view and still goes on to disprove of it. It is a good tactics while debating in which one uses to relate ideas and argument of the opposite team to that of another.

4 0
3 years ago
Strait Co. manufactures office furniture. During the most productive month of the year, 3,000 desks were manufactured at a total
Doss [256]

Answer:

b. $25,400

Explanation:

Please see attachment .

3 0
3 years ago
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