Answer:
The residuary clause
Explanation: As Mary would like to leave the balance of her estate to her brother tom this will fall under the residuary clause.
Answer:
Yes, the offer was accepted before Barney had notice of the revocation.
Explanation:
Fred can revoke his offer at any time before acceptance (2 March), because there is no consideration to keep the offer open. However, Barney has called Fred to accept the offer, before receiving the revocation by mail which Barney has received on March 3
Answer:
MR = 10 – 1q1.
Explanation:
Demand function, P = 20 – 0.5Q
Q = q1 + q2
Now insert Q in the P = 20 – 0.5Q.
P = 20 – 0.5 (q1 + q2)
We have the value of q2 = 20.
P = 20 – 0.5 (q1 + q2)
P = 20 – 0.5 (q1 + 20)
P = 20 – 0.5q1 – 10
P = 10 – 0.5q1
Total revenue of firm 1, TR = Pq1
TR = 10q1 – (0.5q1)^2
Now MR is the differentiation of TR. So the MR after differentiation if TR of firm 1 is:
MR = 10 – 1q1
Answer:
Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio
1. $570 $420
Unit Contribution Margin= Unit Sales Price Less Unit Variable Price =
$ 570- $ 450 = $150 (a)
Contribution Margin Ratio = Contribution Margin/ Sales = 150/570* 100= 26 % (b)
2. $490 $490 -$130= $360 (c) $130 ($ 130/ $490)* 100= 27 % (d)
3. $23000 (e) $22540 (f) $460 2
Unit Contribution Margin $460
Contribution Margin Ratio 2
Contribution Margin Ratio= Unit Contribution Margin/Sales= $460/ Sales =2 %
$460/ Sales =2 %
Sales = $ 460/2%= $ 23000
Sales - Unit Contribution Margin = $ 460
Unit Contribution Margin= Sales- $460 = $ 23000- $ 460= $ 22540
