Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a product liability suit against Wideload, alleging a design defect. In deciding whether to hold the maker liable, the court may consider: The expectations of the ordinary consumer.
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Explanation:</u></h3>
The disputes that are related to any legal sections regarding the liability of the products are subjected to a consumer expectations test. The main purpose of the conduction of this test is to ensure that the product is properly manufactured and the defectiveness in the warning information of that particular product.
A product will be concluded to be defective under this test when a consumer finds that the product is defective. In the given example, Verna files a product liability suit against Wideload, regarding the defects associated with the design. Thus, the court may consider The expectations of the ordinary consumer for making it liable.
Answer:
Dave's marginal revenue from selling milk is $ 5.
Explanation:
This problem requires us to calculate Dave's marginal revenue from selling milk. The marginal revenue is calculated by subtracting current reveue form the expected or forecasted revenue. Detail calculation is given below.
Current reveune = 4 * 5 =20 dollars -A
Expected Reveunue = 5 * 5 = 25 dollars -B
Marginal revenue = A-B = 25- 20 = $ 5
Answer:
The correct answer is letter "A": True.
Explanation:
In <em>Accounting</em>, the entity principle states that the activities of the company must be recorded separately from the activities of the company's owners. By doing so, all the assets and liabilities of the firm will be excluded from the ones that the owners possess.
Answer:
(a)Total Cost, C=20LW+12LH+12WH
(b)
(c)W=1.88ft, L=5.64 ft and H=4.72 ft.
Explanation:
Given the dimensions of the box to be L,W and H.
(a)
- The material for the top and bottom of the box cost $10 per square foot
- The material used to build the four sides of the box cost $6 per square foot.
- Area of Top and Bottom=2LW
- Cost of Top and bottom=$10 X 2LW=20LW
- Area of four Sides =2(LH+WH)
- Cost of Four Sides =$6*2(LH+WH)=12(LH+WH)
- Total Cost, C=20LW+12LH+12WH
(b)The bottom side has length 3 times its width.
L=3W
Volume of the box=50 cubic feet.
Substituting L=3W and into the cost function C.
C=20LW+12LH+12WH
(c)The minimum cost occurs at the point where the derivative of the cost function equals zero.
Recall:
The dimensions of the box that minimize the cost are W=1.88ft, L=5.64 ft and H=4.72 ft.
Cost of the box at these dimension
Answer:
Since Timothy is married (and probably files as married filing jointly) can use $290,000 (half of the total loss) to offset nonbusiness income.
On the other hand, since Prada is single, she has an excess business loss of $40,000 ($290,000 - $250,000). She can only use $250,000 (part of her share of the loss) to offset nonbusiness income. The remaining $40,000 must be carried forward and may be used in the future.