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yulyashka [42]
2 years ago
14

When Scott Calvin (Tim Allen) tries on a Santa suit, he discovers that he has assumed all of Santa's responsibilities. Calvin tr

ies to challenge his acceptance of the terms of the agreement. Analyze the problem with offer, acceptance, and terms in very fine print (a magnifying glass is required.) Do the terms of the suit contract apply when Calvin did not know them at the time he put on the suit?
If you haven't seen this movie yet or don't recall some of the details, you may want to view it or rent it from a source like the library, video rental, etc.
Business
1 answer:
Anuta_ua [19.1K]2 years ago
4 0

Answer:

Yes

Explanation:

The above excerpt given in the question is taken from the film "Santa Claus" in the year 1994. In this film, Tim Allen who plays the role of a business man, named Scott Calvin. Bernard offers him the santa suit which contains a card in fine print of the 'santa claus'. As soon as Calvin wears the suit and enters the sleigh, he enters into the contract of being Santa Claus permanently.

Calvin was not aware with the terms o contract of wearing the suit, the contract is legally binding as he should have read the card with the fine print of the 'santa claus' on it before wearing the suit.          

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If price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in t
navik [9.2K]

Answer:

produce at an economic loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

In a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms. This simply means that, since the number of firms in a long-run equilibrium can change, a firm must exit the market as a result of losses i.e when the firm is unable to cover its fixed costs in the long-run while new firms are allowed entry into the market when it anticipates potential profits or gains.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

In a nutshell, in the long run equilibrium P=MR=MC and P=AC.

Hence, if price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will produce at an economic loss.

Additionally, Average Total Cost (ATC) can be defined as the overall cost of production divided by total output of production. It is calculated by dividing total cost by total output of production or by adding TVC and TFC.

8 0
3 years ago
True or false: The fundamental activities of a business are selling activities and marketing activities.
astra-53 [7]

Answer:

i think its false

Explanation:

6 0
3 years ago
Those who exhibit similarities in​ occupations, education, and income​ level, and have similar tastes in style and activities ar
juin [17]

Answer: The correct answer is "B. social class".

Explanation: Those who exhibit similarities in​ occupations, education, and income​ level, and have similar tastes in style and activities are members of​ a <u>social class.</u>

In a society the general range of people can be defined as the social class. Within these classes people tend to be similar in terms of occupation, income level, tastes, education, etc.

8 0
3 years ago
The Central Hydraulic Supply Company is a distributor of hydraulic supplies in the Midwest. Central handles standard fittings, t
Sidana [21]

Answer:

Check the explanation

Explanation:

The Economic Order Quantity EOQ= SQRT(2*D*Co/Ch),

Where Square root, SQRT, D is the annual demand , Co Cost of order and Ch is the cost of holding

Here annual Demand D =20500

Cost of order Co = 50 $

Cost of holding Ch= 20% of Cost of purchasing = 20%*$14 = $2.8

EOQ = SQRT(2*20500*50/2.8) = SQRT(732142.85) = 855 Units

Minimum TAC can be calculated in two ways

1) With Formula , Minimum TAC = SQRT(2*D*Co*Ch) = $2395.83

2) Without Formula , I.e Cost of Oreder+ Cost of Holding

=(20500/855)*$50 + (855/2)*$2.8 = 2395.83

Where 20500/855 is the number of orders, and 855/2 is the average stock

B) If 500 units purchased at a time

Then Number of orders = 20500/500 = 41 orders in year

Total cost ordering = 41*$50 = $2050

Inventory holding cost = Average inventory * holding cost =

= 500/2*$2.8 = 700

the Total/overall annual cost inventory = $2050+$700 = $2750

3 0
3 years ago
Digby currently has $19,743 (000) in cash and management has decided to issue stocks and bonds worth an additional $8,000 (000).
olga2289 [7]
A he earn 10k cuz the fact that he wanted to earn 10k he got it also he wanted the rmergency law
6 0
3 years ago
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