I need help with this question

Blake is seeking to buy a mare that he can breed. Levi tells Blake about a horse that Levi wants to sell, stating that he (Levi)

kondaur [170]

Answer and Explanation:

From the following given case or scenario, we can state that Blake's lawsuit in order to rescind contract, it is more likely that the court might allow this rescission which was based on the mistake of the fact. Here, in this particular case the fact being that Levi did not provide Blake with the correct facts and thus the transaction was based on wrong fact. Therefore, a rescission is more likely to happen.

3 0

3 years ago

If a firm's average total cost is less than price where MR = MC,

bekas [8.4K]

Answer:

C. the firm should produce if its price exceeds average variable cost.

Explanation:

WHen average total cost is less that price, this means you are making a profit, and since they are in the equilibrium sate with Margina revenue being equal to marginal cost, they are in the sweet spot of production, so the only thing left for them is producing if its price exceeds average variable cost, and that would maximize their profits.

3 0

3 years ago

On January 1, Year 1, Gemstone Mining Company (GMC) paid $10,500,000 cash to purchase a stone pit estimated to hold 50,000 tons

Varvara68 [4.7K]

Answer:

Cost of Mining Stone pit = $10,500,000

Salvage value at the end of third year = $500,000

Total expected mining during the life = 50,000 tonnes

Depletion per tonne = (cost - salvage) ÷ total expected mining

= (10,500,000 - 500,000) ÷ 50,000

= $200 per tonne

Stone extracted during the year = 10,000 tonnes

Depletion expense of Year 1 = 10,000 tonnes @ 200 per tonne

= $2,000,000

JOURNAL ENTRY:

Depletion expense A/c Dr. $2,000,000

To Accumulated Depletion- Mining rights $ 2,000,000

(To record depletion expense for Year 1)

6 0

3 years ago

What type of targeting strategy works with uniform products for which the firm can develop a single marketing mix that satisfies

irinina [24]

Answer:

an undifferentiated targeting strategy.

Explanation:

An undifferentiated targeting strategy is a type of targeting strategy that works with uniform products for which the firm can develop a single marketing mix that satisfies the needs of all customers.

Hence, it typically occurs when a service provider, marketer, or salesperson ignores a segment of a market and focuses his or her marketing strategy on as many people as possible in a target market.

This simply means that, an undifferentiated targeting strategy ignores a segment of a market while focusing only on the entire target market. It is employed for a single marketing mix and as such, it is used for products such as bread, soft drinks, milk, gas etc.

6 0

4 years ago

The catalyst for the market revolution was a series of innovations in

lord [1]

The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.

The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.

The revolution brought about an explosive economic growth and new personal wealth in the country.

The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.

Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.

Learn more about Market Revolution here

<em>brainly.com/question/8173033</em>

3 0

3 years ago