By providing the letter with her maximum loan amount Margot risks reducing her negotiating ability
This is further explained below.
<h3>What is a pre-approval letter?</h3>
Generally, A letter from a lender that states that the lender is willing to lend to you in the event of prequalification or preapproval is a document that states the lender is willing to lend to you up to a particular loan amount.
This is not a guaranteed loan offer, and the document that you are looking at is based on certain assumptions.
In conclusion, Margot runs the risk of decreasing her capacity to negotiate by diminishing her leverage by submitting the letter with the maximum loan amount.
Read more about the pre-approval letter
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Answer: Ralph does not have a good claim against Snowdrop, because age was not the deciding factor in Snowdrop’s decision to lay off Ralph.
Explanation: The reason for the firm laying off Ralph is vague and not explicitly stated. Therefore Ralph cannot make a claim against Snowdrop for laying him off due to his age.
Answer:D) increase output.
Explanation:
The marginal cost for production and marginal revenue are measures that businesses use in determining the amount of output and the price of a product that will enable them to maximize profits.
When the marginal revenues are greater than the marginal cost of production, then the firm is making profit per unit and should increase its production so as to make more output until profit is attained. When Marginal Revenue are lower or less than the marginal cost of production, then the firm is making a loss per unit and should decrease its production.
Here, competitive firm is producing at an output where marginal revenue is $23 and marginal cost is $19, then to maximize profits the firm should <u>increase output .</u>
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