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Savatey [412]
2 years ago
10

Gretchen is a writer who works from her home. Gretchen lives next door to Randall, the trumpet player for a local band. Randall

needs lots of practice to earn his share of the band’s profit, which will amount to $350. Gretchen gets distracted by Randall’s trumpet playing but she needs to get her writing done to earn $570 for her current article. If Randall owns the right to play his music and Gretchen needs to hire a lawyer to help her reach an agreement with Randall, then what price is Gretchen willing to pay the lawyer? a. less than $350 b. less than $920 c. less than $220 d. less than $570
Business
2 answers:
svet-max [94.6K]2 years ago
7 0

Answer:

A) less than $350

Explanation:

In economics, the Coarse Theorem for conflict resolutions argues that both parties should negotiate an economically optimal solution regardless of the original property rights.

In this case, Randall earns $350 for playing the trumpet, while Gretchen earns $570 for writing an article. Since both things are incompatible, Gretchen must find a way to convince Randall to stop playing the trumpet, either by paying him at least $350 (which equals his economic benefit of playing the trumpet) or by hiring a lawyer that costs her less than $350.

If hiring the lawyer costs more than $350, then Gretchen should just pay Randall.

Sergio039 [100]2 years ago
3 0

Answer:

a. less than $350

Explanation:

Since Randall needs lots of practice to earn his share of the band’s profit, which will amount to $350.

Gretchen gets distracted by Randall’s trumpet playing but she needs to get her writing done to earn $570 for her current article.

If Randall owns the right to play his music and Gretchen needs to hire a lawyer to help her reach an agreement with Randall, then the price that Gretchen is willing to pay the lawyer will be less than $350

<u>The reason for the price being less than $350 is based on the simple logic that Gretchen could as well pay Randall his share of the band’s profit, which will amount to $350, for him to stop disturbing her while she writes, than to pay a lawyer that amount and still spend extra time engaging the lawyer.</u>

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SIZIF [17.4K]

Answer:

Let me name a few...

Explanation:

1.Digital Marketing Agencies in USA

2.Digital Marketing Agencies in UK

3.Digital Marketing Agencies in Australia

4.Digital Marketing Agencies in Canada

5.Digital Marketing Agencies in Netherlands

6.Digital Marketing Agencies in India

hope this helped :)

3 0
3 years ago
Three years ago, Vincent Chow completed his degree in accounting. The economy was in a depressed state at the time, and Vincent
m_a_m_a [10]

Answer:

Prerequisite 1  

There are three nonexclusive serious techniques:  

Cost Leadership - target showcase exceptionally broad, point is to have the most minimal cost. Items not specific, attempt to speak to shoppers because of their low costs.  

Separation - items or administrations gave elite highlights that clients need, commonly an increasingly devoted specialty. Ready to charge more significant expenses because of these additional highlights.  

Center Strategy - either a cost authority or a separation methodology, yet focused for a tight, engaged market.  

Vincent's business utilizes a Focus Strategy. The Cappuccino Express was made with the conviction that because of individuals' evolving schedules, comfort would be vital – giving speedy and advantageous espresso to occupied individuals.  

Prerequisite 2  

Basic Success Factors are the vital money related and non-monetary proportions of achievement. To be increasingly explicit Critical Success Factors are features of the association's exhibition that are essential to its upper hand.  

The Cappuccino Express Critical Success Factors :  

Quality and cost of existing items  

Areas specific..near Malls , schools , workplaces and so forth.  

Devise new items at customary interims  

Client Turnover – capacity to keep lines short, vehicles traveling through line  

Keeping Loyal clients with quality items along these lines diminishing ad costs  

Giving incredible client support  

Improving Profitability  

The greater part of these Vincent will have the option to show some power about whether it is adjusting costs, items, guiding various areas or making preparing programs. Then again, if Vincent's essential supposition never again remains constant, regardless of what he does he will most likely be unable to equal the initial investment, not to mention turn a benefit.  

Prerequisite 2  

Vincent needs to leave on numerous assignments in dealing with The Cappuccino Express. To start with, Vincent must blueprint a statement of purpose, objectives, and destinations. As supervisor, Vincent must do statistical surveying. He should get some answers concerning his rivals, clients, and the economy. Additionally, he should utilize a workforce and train them. He should isolate the expenses into assembling costs (direct materials, direct work, and assembling overhead) and non producing costs (selling and managerial expenses). This will take into account monetary observing and precise gauges of benefits, stock, and expenses. Vincent ought to assess both of his areas and conclude whether to remain in business or grow. Additionally, Vincent ought to evaluate his item contributions, administrations, and quality. He can choose which sorts of publicizing (advancements and limits) to offer.

8 0
3 years ago
Tell whether the statement is TRUE or FALSE. Deregulation always leads to lower prices for the consumer.
SVEN [57.7K]
FALSE. Deregulation allows vendors or sellers to set individual prices with no regulation, therefore more likely to set higher rates.
5 0
3 years ago
Please can u explain 5 types of ledgers​
horsena [70]

Answer:

1. Sales ledger

2. Purchase ledger

3. Cash ledger

4. General ledger

8 0
3 years ago
Read 2 more answers
Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston:
Furkat [3]

Answer

Price elasticiy of demand for business travelers: -0.16

Price elasticity of demand for vacationers: -0.29

Explanation:

To find the price elasticy of demand (PED) using the midpoint method, we use the following formula:

PED = \frac{(Q2-Q1)/[(Q2+Q1)/2]}{(P2-P1)/[(P2+P1/2]}

Where Q2 and P2 are the new quantity demanded and new price respectively, and Q1 and P1 are the old quantity demanded and price.

Plugging the amounts into the formula we obtain the results of the answer.

Because both results are in absolute value less than one (0.16 and 0.29), we can say that the PED of tickets, for both vacationers and Business traveleres, is relatively inelastic. (Demand falls less in proportion to the change in price).

4 0
3 years ago
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