Answer:
The given statement is True, The act of buying and selling collectively form a contract.
Explanation:
It is a general concept that whenever a thing is sold, there must be a buyer to buy it, which means that for every selling product, there will be a buyer. Without the presence of a buyer, nothing can be sold. So commonly the process of selling and buying involves two parties. So when the act of buying and selling takes place, we can say that a contract is formed which tells us the deed between both parties and give information about the buyer as well as the seller. So the act of buying and selling collectively form a contract which tells us that who is selling to whom and what is being sold and at what price with the consent of both parties.
Answer:
desktop cost $2433.33
laptop cost $2633.33.
Explanation:
Let x = desktop price
let y = laptop price
from the information given in the question, laptop price is 200 more than the desktop price.
which mean, y = x + 200.
R_1 = Rate of interest on desktop.
R_2 = Rate of interest on laptop.
R_1 = 0.05 * x
R_2 = 0.07 * y
The total finance charges for one year is 350.
therefore
R_1 + R_2 = 350
0.05x + .07y = 350.
since y = x + 200,
.05x + .07(x+200) = 306.
.05x + .07x + 14 = 306
0.12X = 292
X = $2433.33
We know that
since y = x + 200,
therefore y = $2633.33.
desktop cost $2433.33
laptop cost $2633.33.
A flat tax is a tax system that taxes income at a single fixed rate regardless of an individual income level, meaning that all taxpayers pay the same tax rate on their income.<span>This tax is applied upon consumers at the point of sale for goods and services.</span>
<span> sale tax is a tax imposed on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the seller</span>
Answer:
$232,760
Explanation:
you must first determine the market value of your house = appraisal value - sales expenses = $253,000 - $20,240 = $232,760
the market value of the house is your opportunity cost of using the house as an office.
opportunity costs are the extra costs or benefits lost resulting from choosing one investment or activity over another alternative.
Answer:
Market A: 
Market B: 
Explanation:
Market A: 
........................ (1)
Market B: 
........................ (2)
MC = m = 20 ............................................... (3) for both markets
For Market A:
Profit maximizing price can be obtained when 
Therefore, we have:
Substituting 50 for 
in equation (1), we have:
For Market B:
Profit maximizing price can be obtained when 
Therefore, we have:
Substituting 80 for 
in equation (2), we have:
