Answer:
B. Not be liable because Young did not have authority to enter into the contract.
Explanation:
For a better understanding, I would go over specific details in this question. Wilson is the sole proprietor and from this question it is obvious that he is also Mr Young's client. Mr Young is the purchasing agent who despite knowing the court ruling on Wilson still went ahead to place this order with little contact from Wilson.
So since he did this, it is obvious that he acted on his own accord so Wilson or his representatives are not going to be liable for Young's actions.
Answer:
Cost minimization occurs when Marginal Product of Cement / Price of Cement = Marginal Product of Labor / Price of Labor.
Costs are minimized when the marginal product per dollar spent on all inputs is the same.
a.) Using the equation above, 50 / $4000 = 4 / $12
0.0125 = .333333 which is NOT equal. Therefore, the firm is not minimizing its cost of producing parking spaces. This is because the marginal products per dollar spent on inputs is not the same.
b.) Since the firm is not cost-minimizing, the firm must either choose quantities of C and L that make the marginal products per dollar equal. This can be done several ways, but for a concrete example, the firm can choose a quantity of C that will increase the MPC to $1,333.33. Then MPC / Price of C = 1,333.33 / $4,000 = 0.3333333 which would be equal to MPL / Price of L.
You can also decrease the MPL to meet 0.15. Then MPL / Price of L = 0.15 / $12 = 0.0125 which would be equal to MPC / Price of C.
Explanation:
Answer:
1. Urban settlement has a high rate of urbanization and industrialization is while in a rural settlement, the rate of urbanization and industrialization is quite slow.
2. People in urban settlement are generally engaged in secondary and tertiary sectors while people in rural settlement are generally engaged in primary activities such as cultivation and fishing.
3. Life in urban settlement Fast and complicated while life in rural settlement simple and relaxed
Explanation:
Answer:
The mission was the way for them to spread their religious beliefs. The presidio was like a military base that protected the other parts. The settlements were where the people lived, kind of like a village.
This isn't the sample answer it's just my explanation. Hope this helps!
They both wanted federal troops