Title insurance is what protect the buyer before the sale and can reimburse the buyer after the sale if a title issue arises.
<h3>What is meant by title insurance?</h3>
This is the term that is used to refer to what can help to save a person from some forms of problem when they buy real estate. The title insurance is used to solve ownership title.
The way that it helps would be the protection of the home buyers as well as the lenders. Hence we can say that Title insurance is what protect the buyer before the sale and can reimburse the buyer after the sale if a title issue arises.
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Answer:
d. broadly; lowers
Explanation:
An antitrust lawsuit can be defined as the way in which suit are been filed under federal or state antitrust laws in which the lawsuit can either be brought by a company's competitors for anticompetitive business practices or by purchasers of a product or service.
Antitrust laws can also be seen as a form of regulations that help to monitor the distribution of economic power in business by making sure that competition that are healthy are been allowed to flourish so that the economies can grow which is why Antitrust laws are often apply to nearly all industries and sectors.
Therefore A firm defending itself in an antitrust suit would prefer the market it operates in to be defined BROADLY which LOWERS the firm's market share compared to what it might be judged otherwise
Answer:
1. 60,000 hours
2. $210,000
3. $10,500 Unfavorable
Explanation:
1. Standard Hours = 3 per unit
Actual production units = 20,000
Standard Hours for actual production = Standard Hours × Actual production units
= 3 × 20,000
= 60,000 hours
2. Applied variable overhead = Standard hours × Standard Rate per hour
= 60,000 × $3.50
= $210,000
3. Total Variable overhead variance = Applied variable overhead - Actual variable overhead overhead
= $210,000 - $220,500
= $10,500 Unfavorable
Answer:
The correct answer is option D.
Explanation:
Competitive advantage refers to the situation when a firm can provide better value to their customers or provide the same product at a lower cost. In other words, the company is able to outperform its competitors.
Economies of scale can arise because of several factors such as
- Economies of scale
- Geographical location
- Internal systems
Competitive advantage gives a firm the ability to produce more efficiently than its rival and thus the firm has greater profit than its rival.
Answer:
$4000 is the correct answer to the given question .
Explanation:
The marginal cost with compare to the labor can be written as
Here K=9 units putting this value in the previous equation we get
We can find the value of labor by the given formula that are given below
From the given question that are mention in question
Q = 2(K)1/2(L)1/2
Putting the value of K and L in the given equation we get
So profit maximizing output is =$60 chairs as the chairs can be sold for the $400 each so = $60 * $400 *10=$24000 chairs
As the competitive wage of $120 for 100 units as well as the total of $8,000 on the 9 units of capital equipment
=$20000
Therefore profit-maximizing level of output =$24000-$20000=$4000
