Answer: d. a misrepresentation of a fact knowing it is falso
Explanation:
Reliance that gives rise to liability for fraud requires intentional misrepresentation, that is a misrepresentation of a fact knowing that it is false. If Ness, the broker intentionally misled Ollie and advised Ollie to buy Penny stock shares based on Ness's that the stock price will rise Ness will be charged with fraud.
The best and most correct answer among the choices provided by your question is the third choice or letter C.
A mortgage<span> is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments.</span>Mortgages<span> are used by individuals and businesses to make large real estate purchases without paying the entire value of the purchase up front.</span>
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Answer:
Option (B) is correct.
Explanation:
Marginal benefit refers to the benefit that a consumer can get from consuming an additional unit of a commodity.
If the marginal benefit is greater than the marginal cost then a consumer is continuing consuming the additional units of a commodity.
A consumer uses the marginal analysis for deciding whether to consume an extra unit of a commodity or not. In this analysis, a consumer compares the marginal benefit with the marginal cost.
Answer:
C. Step variable cost
Explanation:
Fixed costs are those costs which are incurred anyways irrespective of the level of operation of a business or the volume of activity. For example rent of factory is a fixed cost which has to be incurred regardless of the production level.
Variable costs are those costs which vary with the level of production. e.g labor cost.
In this case, a T- shirt is given to every 100th customer. This kind of cost is step cost at the level of 100th customer. The number of T-shirts in a day would depend upon the no of patrons arriving each day i.e variable.
Thus, this is the case of a step variable cost which is incurred at discrete point i.e every 100th customer.
Answer:
C. -0.33
Explanation:
Elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes. To calculate the price elasticity of demand, a formula is used that divides the observed change in quantity (Q) by the change in price (P).
Elasticity = ▲ Q / ▲ P
We know that the price change was 15% = 0.15
We know that the change in quantity was -5% = -0.05
So:
Elasticity = -0.05 / 0.15 = -0.33
Plus: when the value of elasticity is less than 1, we say that demand is inelastic - little price sensitive. When elasticity is greater than 1, we say that demand is elastic (price sensitive).
In this case, the demand for haircutting is inelastic.