The two types of negligence suits that most commonly threaten business are strict liability and vicarious liability. strict liability and professional negligence. occupiers' liability and strict liability. occupiers liability and product liability.
Q: Draw a point at the firm's the Draw an arrow that shows Java Time's markup. Draw the average total…
A: The concept of markup price is used in business to determine the selling price of a product or…
Q: 51. The Fed is conducting expansionary monetary policy if it: A. increases the discount rate, buys…
A: Expansionary monetary policy is a powerful tool employed by central banks to invigorate and bolster…
Q: C = 140,000 p − 1400 (a) Find the rate of change of cost with respect to p when impurities account…
A: Industrial economics is the study and appraisal of business financial issues utilising abstract…
Q: Table 4-1 PRICE $150 $120 $ 90 $ 60 $30 QUANTITY DEMANDED 10 30 50 70 90 QUANTITY SUPPLIED O a. $120…
A: Market equilibrium: At the market equilibrium demand equals supply. Or at market equilibrium point…
Q: ALL QUESTIONS APPLY TO GRAPH 23. What quantity will Country B supply from the rest of the world at…
A: International trade refers to the exchange of goods, services, and capital between countries or…
Q: Which of the following statements is correct regarding measuring GDP? A GDP can be measured either…
A: Statement A. GDP can be measured either as the total spending on domestically produced goods and…
Q: Inflation Rate (%) PCLR -PC₂ Multiple Choice PC₁ 7 Unemployment Rate (%) Refer to the diagram.…
A: Macroeconomic monitoring will remain critical since it determines the economy's final expansion path…
Q: Traveler's checks are included in... M1 and M2 money supply neither M1 nor M2 money supply M1 money…
A: The money supply alludes to the total stock of money coursing in an economy at a specific point in…
Q: Suppose that Shonda borrows $20,000 to purchase a car. The bank charges her a nominal interest rate…
A: Prior to explaining the change in effective cost of borrowing for Shonda on her $20,000 loan, we…
Q: Compare the alternatives shown on the basis of their capitalized costs using a MARR of 10% per year.…
A: The Minimum Attractive Rate of Return (MARR), additionally recognized as the hurdle charge or…
Q: 1(i) Which of the following statements are correct? (Pick all correct answers if more than one…
A: lasticity of demand is a measure of how responsive the quantity demanded of a good or service is to…
Q: 6-44 Which car has a lower EUAC if the owner can earn 5% in his best investment? Contributed by Paul…
A: Companies can utilise Equivalent annual Cost (EAC), a useful capital planning technique, to…
Q: The diagram to the right displays short-run cost curves for facility that produces liquid crystal…
A: Total fixed cost is the total amount of money a business must pay to keep their operations running…
Q: Suppose the market is in equilibrium at point E2. Which of the following is true? 1. Total surplus…
A: The equilibrium refers to the economic condition where both demand and supply are equal.…
Q: Using the following data, calculate the profit-maximizing quantity and price. Find the average total…
A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…
Q: Question 1. The 2023 demand and supply equations for Canadian ginseng are as follows: P= $100-Qa Ca…
A: Equilibrium is a state of rest or a state of balance. It occurs when the demand and the supply in…
Q: The four firm concentration ratio (C4) in the motor vehicle manufacturing market is 85%. The C4 in…
A: The concentration ratio is a measure used in economics and market analysis to assess the degree of…
Q: Please the correct answer please Don't answer by Pen paper please Monetary policy is the…
A: Monetary Policy: Monetary policy refers to the policy instruments of the central bank of a country…
Q: Research elasticity information for two particular goods: one with an elastic demand and one with an…
A: Let me first define what the term "elasticity" means. Elasticity is a term used to describe how…
Q: onsider a two-period competitive extraction model (where t = 0, 1) where demand is pt = 100 - 4qt,…
A: Marginal User Cost: Marginal user cost refers to the additional cost incurred by current users of a…
Q: Please calculate the equilibrium price and quantity
A: Demand curve represents the quantity that is demanded corresponding to different price level. As the…
Q: Suppose the govemment wants to encourage people to exercise more, so it imposes a binding price…
A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…
Q: A company produces a special new type of TV. The company has fixed costs of $487,000, and it costs…
A: In order to solve this problem, you must determine how many goods must be sold to generate a given…
Q: Do you believe the global village concept has been realized? If you do, why? If you don’t, given the…
A: Development is a multifaceted and complex cycle that envelops different parts of growth, progress,…
Q: Sharon is the manager of a factory. Workers at the factory are assigned to one of two tasks, one of…
A: Economics is a social science that studies the production, distribution, and consumption of goods…
Q: Suppose a local bank increases the fees they charge for their bank accounts by 10 percent. In…
A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…
Q: How much money should be deposited annually in a bank account for five years if you wish to withdraw…
A: An interest rate in economics is the cost of borrowing or the return on investment, expressed as a…
Q: Begin with the market for slushies in equilibrium. What will happen to the equilibrium price of a…
A: Input resources refer to the various materials, labor, capital, and other factors used to produce…
Q: With consumption on the vertical axis and leisure on the horizontal axis, the slope of the budget…
A: With a certain budgetary limitation, a budget line shows the combinations of two items or tasks that…
Q: Question 3 Consider the cash flow series shown below. Determine the required annual deposits (end of…
A: The present value for the series of the cash flows refers to the present value i.e. at zero time. It…
Q: Consider the figure to the right. Using averages, calculate the value of the price elasticity of…
A: It is a measure used in economics to quantify how sensitive the quantity demanded of a good or…
Q: Ritesh does not own any shares of MMM company so he sells 100 shares short. His execution price for…
A: Shares, also known as stocks or equity, represent ownership in a company or corporation. When an…
Q: 13. The variety of supply curves The following graph displays four supply curves (LL, MM, NN, and…
A: Elasticity of supply measures the responsiveness of quantity supplied with respect to change in…
Q: Which of the following is a true statement? The average price of goods and services in an economy is…
A: The aggregate price level, also known as the price level or overall price level, refers to the…
Q: Coke's dominant strategy is to pick a price of and Pepsi's dominant strategy is to pick a price of…
A: Consider a market with two firms, Coke and Pepsi. They produce soft drinks. Both firms must choose…
Q: he manager of Greene Enterprises, Inc., recently estimated its average variable cost (AVC) function…
A: The variable cost refers to the cost that changes with change in the level of output. While the…
Q: The market for Good X is depicted below. P P₁ Po P₁ P₁ P3 P₂ Po Qo Market for Good X MCso MCPB MB Q…
A: Marginal Social Cost (MSC) refers to the total cost impacted on society due to the production of an…
Q: Jeremy has a monthly income of $60. He spends his money making telephone calls (good ?, measured in…
A: (a) To describe Jeremy's budget constraints under each plan, we need to calculate the maximum number…
Q: 10) If indifference curves are concave to the origin, then at equilibrium: A) The indifference…
A: Suppose there are 2 good X and Y and we draw the indifference curve where good X is on the…
Q: When a wave of people (such as the baby boomers) ages through a span of years in an economy, do they…
A: Aggregate Demand:Aggregate Demand is when the total number of consumers have the desire to buy…
Q: The value of multiplier always becomes greater than one except a special case of Balanced Budget…
A: A major concept in economics is the fiscal multiplier, which quantifies the effect of fiscal policy…
Q: The diagram illustrates the demand curve, isoprofit curves and the marginal cost curve of MQ2020, a…
A: Producer surplus is the producer’s gain from trade. The producer surplus is the area above the…
Q: According to globalization opponents, what is a disadvantage of globalization? Multiple Choice Free…
A: Globalization refers to the process of increasing interconnectedness and integration of economies,…
Q: The main argument against monetary policy is that it affects only nominal variables, not real…
A: An economic framework called the AD/AS model shows the connection between the total amount of…
Q: can you help me with this qustion Gina deposits her inheritance into an account earning interest…
A:
Q: Consider the following graph depicting (linear) demands for good A and good B, denoted Da and Db…
A: The price elasticity is calculated as the percentage change in quantity demanded divided by the…
Q: Refer to the figure at right. The figure represents the saving function for the consumer. Point A…
A: In economics, saving function refers to the graphical representation of relationship between income…
Q: Fill in the following table with the quantity sold, the price buyers pay, and the price sellers…
A: When the government imposed the taxes, the price that the buyer pays must be more than the price…
Q: As the sole issuer of Canadian money, the Bank of Canada can set any one of three variables: 1) the…
A: A central bank is a financial institution that serves as the primary authority responsible for…
Q: The table below provides elasticity estimates, use them to answer the questions that follow. Type of…
A: The price elasticity provides the percentage change in quantity demanded or supplied when there is a…
Step by step
Solved in 3 steps
- In a product liability claim based on strict liability, the plaintiff must show that the product was “defective” in some way. Describe four types of “defects” that could be the basis for a claim, and give an example of each.With a strict product liability claim, only the seller of the product is liable. True FalseDiscuss why in many liability firms, the managers do not receive a fixed payment for their work, but rather they are paid according to the results (such as profits or sales).
- When examining an insurance company’s records, the Director has the authority to Require the company to create new books and records Appoint personnel to conduct the examination Prorate any examination expenses to the company’s captive agents Demand access to the company records on weekendsMany workplace safety experts say that the causes of workplace accidents are not caused by matters within the control of the employer true falseThere are 15 barbershops in a specific geographic region that all compete for clients and employees. Most of these businesses periodically conduct salary surveys. Most businesses want to be market leaders on pay, thinking that they can attract and retain staff if they pay more than the competitor. What is the likely impact on rates of pay for local barbers in the region? Discriminatory practices may dominate the industry. Stereotyping will occur. Pay rates will decrease over time. Pay rates will increase over time.
- Use the table below to answer the following questions:QuantityDemand (Price)Marginal RevenueMarginal CostAverage Cost1$120012005005002110010002753883100080022533349006002503135800400400330670020050035876000700407 Are there consumers who want the product but are not willing to pay the profit-maximizing price the firm will charge? How can you tell?If the firm could charge every consumer exactly what that consumer was willing to pay (called perfect price discrimination), would the quantity the firm produced increase, decrease, or remain the same? Would the firm’s profits increase, decrease, or remain the same? Explain your answers.Carving knives Home users' value No-name brand $40 High-end professional series $60 Professional Chefs' value $70 $130 A knife manufacturer faces two types of customers with the above values. Also assume there are equivalent numbers of both customers on the market. Given that the manufacturer only intends to sell the high-end professional series, how should it price its product? Price low at $60, sell only to the professional chefs. Price high at $130, sell only to the home users. Price high at $130, sell only to the professional chefs. Price low at $60, sell to both users.Tyke's Bikes is a bicycle sales and repair shop in a small city. It sells new and used bikes with a narrow profit margin and does repairs at minimal costs. Frequently, if a child comes into the sh with a broken part or a flat tire, Tyke's makes the repair for free if the child has no money. Tyke's also provides a free one-hour repair class for those who want to learn how to fix their bikes. At local organized bike rides, Tyke's provides free services, asking only for voluntary donations. W theory of corporate social responsibility is Tyke's exhibiting? O The narrow view, or invisible hand theory. The moderate view, or government's hand theory. The hybrid view, or citizen's hand theory. The broad view, or good corporate citizenship..
- What is the principal-agent problem? Have you ever worked in a setting where this problem has arisen? If so, do you think increased monitoring would have eliminated the problem? Why don’t firms simply hire more supervisors to eliminate shirking?Andrea’s Day Spa began to offer a relaxing aromatherapy treatment. The firm asks you how much to charge to maximize profits. The first two columns in the table below provide the price and quantity for the demand curve for treatments. The fifth column shows its total costs. Complete the table. What is the profit-maximizing level of output for the treatments and how much will the firm earn in profits? Price Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost $25 0 $0 N/A $130 N/A $24 10 $275 $23 20 $435 $22.50 30 $610 $22 40 $800 $21.60 50 $1005 $21.20 60 $1225Commodity handlers have little or no power to set their sale prices and usually focus on maintaining a margin, or specific differential, between sales prices and purchase prices. They are 00 Price setter Price marker Margin maker Price taker