Answer:
The answer is: C) If Jack does not accept the $100,000, there is a valid contract for the sale of the business, without a non-competition clause.
Explanation:
Non competition clause (NCC) is a legal contract that binds one party to not work for or start a rival company (in the same trade) that will compete against the other party.
In this case, Jack said he would probably agree to sign a NCC if they paid him $100,000 more, but he never said he would sign for sure the NCC. So Jack can refuse to sign the NCC and reject the extra $100,000. The selling contract would still be valid, it was never stated that if no NCC was signed, then the contract would be dismissed.
Answer:
Yes, the Astrid maximizing her utility
Explanation:
Given that
Utils for the last quart = 30
Per quart = $3
Honey price = $0.75
Utils of Last jar = 7.5
The calculation of maximum utility is given below:-
Per dollar utility gained by milk
= 30 ÷ 3
= 10 utils
Milk utility for $0.75
= 30 ÷ 3 × $0.75
= 7.5 utils
Therefore from the last quart the utility was same and the dollars was spent in last jar. So, Astrid can maximizing her utility.
Number one has the lowest government involvement and number four has the highest.
1. Market economy - In a market economy, the government has very little to do with the decisions regarding investment, production and distribution. Instead, these ideas come from the supply and demand that consumers create.
2. Mixed economy - A mixed economy companies private and public enterprises which has some government influence.
3. Socialist economy - A socialist economy is control by the government but still allows small ownership of productions and some say from individuals.
4. Communist economy - Controlled by the government with no influence from the public. Not a democratic society at all.
Answer:
set above the equilibruim price
