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strojnjashka [21]

3 years ago

12

A lawsuit claiming liability of a manufacturer, seller, or supplier to a buyer or other third party for injuries sustained becau

se of a defect in a product is deemed what type of lawsuit?

1 answer:

Vitek1552 [10]3 years ago

3 0

Thhis type of lawsuit is known as a "class-action"

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You work as a salesperson for a chemical manufacturer, which keeps you very busy. Your customers are photographers who use your

jeka94

I think the answer is B

7 0

3 years ago

Tony's Pizza's production function is shown in the table below.

Nastasia [14]

A technological efficiency is achieved, when a given output achieves the maximum possible output.

<h3>Why the pizzeria is technologically efficient?</h3>

a) Suppose Tony operates Plant 2. He hires 2 workers and produces 20 pizzas a day. Is the pizzeria technologically efficient? Why or why not?

The firm is not technologically efficient. The production function shows that with 2 ovens and 2 workers it is possible to produce 22 pizzas a day.

b) Suppose Tony operates Plant 1. He hires 2 workers and produces 18 pizzas per day. Is Tony's Pizza technologically efficient? Why or why not? Can Tony increase production to 22 pizzas a day in the short run? If yes, how?

Tony's Pizza technologically efficient. The production function shows that 18 pizzas is maximum output that 2 workers can produce with 1 oven. Tony can increase production to 22 pizzas per day in the short run by hiring more labor.

c) Suppose Tony operates Plant 3. What is the marginal product of labor when the fourth worker is hired? When operating Plant 3, does Tony experience diminishing marginal returns? Explain.

When the 4th worker is hired, the marginal product of labor is the change in output, 40 pizzas-33pizzas= 7 pizzas, divided by the change in the labor input, 1 worker. So, the marginal product of labor for the 4th worker is 7 pizzas per day.

Tony experiences diminishing marginal returns because the marginal product of labor diminishes as more workers are hired.

d) Suppose Tony currently uses Plant 3. Can he increase production from 40 to 50 pizzas per day in the short run? In the long run? If yes, how?

If Tony uses Plant 3, he cannot increase production from 40 to 50 pizzas per day in the short run. The short-run production function for plant 3 shows that the maximum output that the firm can produce with this plant is 48 pizzas per day.

Learn more about pizzeria, refer to the link:

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7 0

2 years ago

A in the expected future exchange rate ______ the demand for u.s. dollars. in the u.s. demand for imports _______ the demand for

KIM [24]

A in the expected future exchange rate increases the demand for u.s. dollars. in the u.s. demand for imports does not change the demand for u.s. dollars.

In economics, demand is the number of goods that consumers are willing to purchase at various prices in a particular location and during a particular period of time. [1] The relationship between price and quantity demanded is also called the demand curve. Demand for a particular item is a function of perceived need, price, perceived quality, convenience, available alternatives, disposable income, buyer preferences, and many other options.

Demand refers to the consumer's willingness to buy and pay for goods and services without hesitation. Simply put, demand is the number of items that customers are willing to purchase at various prices over a period of time.

Learn more about demand here

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8 0

2 years ago

Company A pays its managers a fixed salary. Company B ties compensation to the performance of the stock. Which company’s compens

11111nata11111 [884]

Answer:

Company B

Explanation:

The reason is that the interest of shareholders is to maximize its investment worth and the manager desires to have better salary which is cost to the shareholders. This means that the shareholder's interest are in conflict with that of management which is also known as agency problems. The alignment of interests of both shareholders and the manager is when the payments made to managers in compensation for their salaries are in shares not in cash form. The manager would now work hard to generate more profits than before, this will increase the value of shares in stock exchange which every shareholder desires. So Company B has mitigated conflicts of interest between managers and shareholders by offering managers shares in compensation for their services offered.

5 0

4 years ago

Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. The home comes equipped with all furnishings. T

Sloan [31]

Answer: Package Mortgage

Explanation:

The Package Mortgage is a type of mortgage offered to prospective home buyers who want to buy a house that is already fully furnished. This way they do not have to spend extra on buying the furniture. They could just pay for everything as a Package.

The downside of this is that it is higher than other related mortgages and so draws a higher mortgage payment. Also, the collateral will not just include the property itself, but the furniture that the house came with.

6 0

3 years ago