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Savatey [412]
3 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]3 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]3 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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A second mover: a.is typically ineffective in its response to a first mover. b.attempts to provide a product with greater custom
Viktor [21]

Answer:

b. attempts to provide a product with greater customer value than the first mover.

Explanation:

In marketing, it is believed that the first mover gains an edge over the followers. A first mover is the initial entrant and provider of products and services catering to a marketing segment.

A second mover refers to the immediate next of the first mover. The advantage second mover has over the first mover being, it can analyze the response the first mover generated and effectively gauge what went right and what went wrong for the first mover.

This way, the second mover can provide improved products than the first mover by not committing same errors as the first mover.

5 0
4 years ago
Which is not something you should look for in a saving account?
pshichka [43]

Answer:

You should make sure you are putting money into it every week, month, or year.

Explanation:

You must make sure you have enough money in the account so if you have some kind of an injury, or you want to buy something that costs lots of money such as a car, or a house, you want to make sure enough money is going into that account.

6 0
3 years ago
Kent and julie are recruiters for sunspree inc. when both of them interview the same applicant, they often find that they have d
BabaBlast [244]

It can be said that kent and julie have Low Inter-rater Reliability.

<h3>What is Inter-rater Reliability?</h3>
  • Inter-rater reliability is a statistical metric used to assess the degree of consensus among various judges or raters.
  • It is employed as a method of evaluating the accuracy of the responses generated by various test items.
  • A test's lower inter-rater reliability may be a sign that its questions are obscure, difficult to understand, or even superfluous.
  • The percentage of items that the judges agree on can be calculated as a straightforward technique to assess inter-rater reliability.
  • This is referred to as percent agreement, and it always falls between 0 and 1, with 0 denoting complete disagreement among raters and 1 denoting perfect agreement.

To know more about Inter-rater Reliability with the given link

brainly.com/question/14316125

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5 0
1 year ago
In the actual economy, goods and services are purchased byA. households, but not firms or the government. B. households and the
GenaCL600 [577]

Answer:

C. households, firms, and the government.

Explanation:

In the actual economy, goods and services are purchased by households, firms, and the government.

7 0
3 years ago
What is the stock price per share for a stock that has a required return of 16%, an expected dividend $2.7 per share, and a cons
Anit [1.1K]

Answer:

Price of stock = $49.5

Explanation:

<em>The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset. According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return. </em>

If dividend is expected to grow at a given rate , the value of a share is calculated using the formula below:  

Price of stock=Do (1+g)/(k-g)  

Do - dividend in the following year, K- requited rate of return , g- growth rate  

DATA:

D0- 2.7

g- 10%

K- 16%

Price of stock = ( 2.7×1.1)/(0.16-0.1) = 49.5

Price of stock = $49.5

3 0
3 years ago
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