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lys-0071 [83]
3 years ago
8

You run a small auto service shop. Your fixed expenses per week are $1,000 and your average customer invoice is $500 with an ass

ociated marginal cost of $300. What is your weekly break-even quantity?
Business
1 answer:
telo118 [61]3 years ago
5 0

Answer:

120 but im not sure

Explanation:

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Suppose Joe contracts with Marvin to frame out a shop at Joe's ranch for $10,000. During the framing Marvin discovers the costs
Marina CMI [18]

Answer:

unenforceable;

preexisting duty

Explanation:

Preexisting Duty Doctrine

This is simply regarded as when an individual is already under an obligation to do something. It simply states that the rules and guidelines under contract law that shows that if a party to a contract is under a pre-existing duty to perform, then no second thought (consideration) is taken for the modification of the contract. Modification is then voidable.

3 Types of Legal Duties

1.  Public Legal Duties such ad the duty of a police officer to protect lives and properties.

2.  Contractual Legal Duties such as unperformed, preexisting contractual promises etc.

3.  Private Legal Duties such as the duty to follow the law.

Unenforceable Contracts

This is regarded as a contract that cannot be enforced/given consideration or effect by the court of law etc  unless they are settled and corrected according to law.

Kinds of unenforceable contracts

1.) Those entered into in the name of another by one without, or acting in excess of rights or authority;

2.) Those that do not comply with the Statute of Frauds etc.

8 0
2 years ago
What is the rationale for the internal control principle, segregation of duties? select one:
liq [111]
The rationale for internal control principle, segregation of duties is that the work of one employee should, without duplication of effort, provide a reliable basis for evaluating the work of another employee. Segregation of Duties is a basic building block of sustainable risk management and internal controls for business. It is based on shared responsibilities of a key process that disperses the critical functions of that process to more than one person or department.
5 0
3 years ago
Fiscal policy is Question 20 options: the money supply policy that the Fed pursues to achieve particular economic goals. the spe
laiz [17]

Answer:

the spending and tax policy that the government pursues to achieve particular macroeconomic goals.

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Fiscal policy typically includes the spending and tax policy that a government pursues in order to achieve particular macroeconomic goals such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

Generally, an economy will return to its original level of output (production) and price level when the short-run aggregate supply curve falls (decreases) and no changes in monetary and fiscal policies are implemented.

7 0
2 years ago
Suppose that the government is going to auction off permits equal to one third of total emissions in the economy (so two-thirds
LenaWriter [7]

Answer:

TRUE

Explanation:

TRUE, in the question, the government is going to auction off permits equal to one third of total emissions in the economy (so two-thirds of all emissions must be abated)

however, the firm will buy 100 permits even though thir marginal cost is below $ 15. because here the firm will get a monopoly in holding the permits of one third of total emissions in the economy. this is such a huge benefit for the firm and by acquiring this permits the firm can transfer the permission permits to other firm with high price or they can distribute the permits of emission among the different firms below the size of the emission permits holding firm. thus, even though marginal abatement cost of$8 has a special opportunity to buy 100 permits at a price of $15 per permits, the firm will resort to buy the permits. the power in handling the emission permits and the monopoly getting the firm in holding the permits allow the firm to act as a leader in the economy compared to other firm who don't have the emission permits. thus, the money gain and the authority gaining in emission permit hold the firm to buy the permits even though their marginal cost is below $15

3 0
3 years ago
No having enough money for the shoes you want means?
Mazyrski [523]

Answer:

That you can't get the shoes that you want because you don't have enough money or go to work to get some more money for your shoes that you want

8 0
2 years ago
Read 2 more answers
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