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Bess [88]
3 years ago
13

Dandy Goods, Inc. manufactures exercise equipment, including stationary bicycles. Julie, a consumer, buys a Dandy bicycle and ye

ars later sells it at a garage sale to Paula, a neighbor. Paula is injured while using the bicycle. In a product liability suit based on strict liability, Paula may recover from:_________
Business
1 answer:
anyanavicka [17]3 years ago
5 0

Answer:

Dandy Goods

Explanation:

Strict liability doctrine establishes that any person or company involved in the design, manufacture or distribution of defective merchandise can be liable for any injury resulting from using the defective product. In strict liability cases, the actions that the defendants take to prevent injuries do not count, only that the injury happened due to a product's defect. In order to be liable in a strict liability case, the defendant must manufacture, sell or rent the product in a regular basis. This is why Julie is not liable, because she doesn't sell stationary bicycles on a regular basis.

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Answer: D

Explanation:

Competing on cost is based on achieving maximum value as perceived by the customer.

8 0
3 years ago
If the marginal propensity to consume is 0.30 , what is the multiplier, assuming there are no taxes or imports
ollegr [7]

Answer:

Multiplier or k = 1.428571429 rounded off to 1.43

Explanation:

A change in consumer income leading to an increased consumer spending based on the Marginal propensity to consume or MPC can have a much larger effect in the economy due to the multiplier. A multiplier is the is the amount of new income that is generated form an addition of extra income.

The marginal propensity to consume or MPC is the percentage of the additional income that will be used for consumption spending. The formula to calculate the multiplier, also denoted as k, is:

k = 1 / (1 - MPC)

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k = 1.428571429 rounded off to 1.43

3 0
4 years ago
One basic difference between "land" and "capital" resources is that land is multiple choice natural, while capital is created by
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Natural while capital is man made.
7 0
4 years ago
Consider a firm with only one variable input, labor. Firm output is zero when labor is zero. When the firm hires 6 workers the f
Charra [1.4K]

Answer:

$0.808

Explanation:

Given:

Number of workers hired = 6

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Now,

Total variable cost = Variable cost per unit labor × Total labor hired

or

The total variable cost = $10 × 7 = $70

Thus,

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or

The total cost = $6 + $70 = $76

Now,

the total units produced

= Unit produced by 6 labor + marginal product from seventh labor

or

The total units produced = 90 + 4 = 94

Hence,

the average variable cost of production when the firm hires 7 workers

= \frac{\textup{Total cost of production}}{\textup{Total units produced}}

or

= \frac{76}{94}

= $0.808

6 0
3 years ago
Read 2 more answers
The correct amount of prepaid insurance shown on a company’s December 31, 2021, balance sheet was $1,400. On May 1, 2022, the co
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Answer:

Expense 2022                1500

Explanation:

december 31 2021         1400

december 31 2022 1000

                                 400

 

Pay additional insurance 1100

 

Expense 2022                1500

4 0
4 years ago
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