Answer:
The correct answer is option d.
Explanation:
The production function is given as:
f (L, M) =[tex]5L^{1/2} M^{1/2}[/tex]
The total cost will be
= wL + rM
Here, w is the cost of labor or wages and r is the cost of capital or rent.
The cost of labor is given as $9 per unit and the cost of using machine is $64 per machine.
MPl
= [tex]\frac{dQ}{dL}[/tex]
= [tex]\frac{5}{2}\frac{M}{L}^{1/2}[/tex]
MPm
= [tex]\frac{dQ}{dM}[/tex]
= [tex]\frac{5}{2}\frac{L}{M}^{1/2}[/tex]
[tex]\frac{MPl}{MPm} = \frac{9}{64}[/tex]
[tex]\frac{M}{L} = \frac{9}{64}[/tex]
M = [tex]\frac{9}{64}L[/tex]
f (L, M) = [tex]5L^{1/2} M^{1/2}[/tex]
12 = [tex]5L^{1/2} \frac{9}{64}L^{1/2}[/tex]
12 = [tex]\frac{15L}{8}[/tex]
L = [tex]\frac{96}{15}[/tex]
L = 6.4
M = [tex]\frac{9}{64}\times 6.4[/tex]
M = 0.9
Total cost
= wL + rM
= 6.4 [tex]\times[/tex] 9 + 0.9 [tex]\times[/tex] 64
= 57.6 + 57.6
= $115.2
The question requires using a production function to calculate total costs for output production, but more information is needed to specify the amounts of labor and machines to find a unique solution.
Explanation:The question involves the application of a production function to calculate the total cost of producing a certain amount of output given the costs of labor and machines. To find the total cost of producing 12 units of output, we must first determine the combination of labor (L) and machines (M) that can produce this output using the given production function, f(L, M) = 5L1/2M1/2. Once we have the values of L and M, we need to calculate the total cost by multiplying the number of units of each factor by its respective cost and summing these products. Unfortunately, in this case, there isn't enough information to solve the problem because we need either the specific amounts of L and M or additional constraints to find a unique solution. Given the context, however, if we had the values, the formula to be used would be: Total Cost = Cost of Labor × L + Cost of Machines × M.
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The Illinois populations of the greater prairie chicken benefited when managers brought in prairie chickens from other populations. This restored genetic variation to the Illinois populations through the process of __________.
Answer: Gene Flow
Explanation:
In the population genetics, the gene flow which is also referred to as the allele flow is described as the transmission of the genetic alteration from one ends of the population to the other. If the amount of the flow tends to be high enough, then the respective populations are known to to have the equal allele frequencies and thus effectively can be termed as the single population.
Answer: C. genetic drift
Explanation: :)
For a group to reach the deepest and most effective levels of the Working Stage, it is essential that members _____________ to work through areas of interference that hinder achievement.
Answer: COMMIT
Explanation: The word that best fit into question would be:
It is essential that members COMMIT to work through areas of interference that hinder achievement.
Explaining the statement in the question, for a group of individuals bound by a common objective to reach their target goal, there needs to be a commitment by the group members to do what's needed of them regardless the challenge they may face while doing their task.
At December 31, Year 1, Kale Co. had the following balances in the accounts it maintains at First State Bank: Checking account #101 $175,000 Checking account #201 (10,000) Money market account 25,000 90-day certificate of deposit, due 2/28/Y2 50,000 180-day certificate of deposit, due 3/15/Y2 80,000 Kale classifies investments with original maturities of three months or less as cash equivalents. In its December 31, Year 1, balance sheet, what amount should Kale report as cash and cash equivalents? a) $200,000 b) $190,000 c) $240,000 d) $320,000
Answer:
c) $240,000
Explanation:
The computation of the cash and cash equivalents are shown below:
= Checking account #101 - Checking account #201 + Money market account + 90-day certificate of deposit
= $175,000 - $10,000 + $25,000 + $50,000
= $240,000
Since the 180 days certificate of deposit has not come under the computation part as the maturity period of this period is more than the actual maturity given in the question i.e three months
Suppose that initially a bank has excess reserves of $800 and the reserve ratio is 30%. Then Andy deposits $1,000 of cash into his checking account and the bank lends $600 to Molly. That bank can lend an additional:
A) $100.
B) $800.
C) $900.
D) $300
Answer:
excess reserves after lending = $900
so correct option is C) $900
Explanation:
given data
reserves = $800
reserve ratio = 30%
deposits = $1,000
bank lends = $600
to find out
That bank can lend an additional
solution
first we get required reserves from new deposit that is express as
required reserves = deposit × reserve ratio ......................1
put here value
required reserves = $1000 × 30%
required reserves = $300
and
now excess reserves from new deposits will be
excess reserves = deposits - required reserves .......................2
put here value
excess reserves = $1000 - $300
excess reserves = $700
and
total excess reserves will be here
total excess reserves = old excess reserves + new excess reserves ...........3
put here value
total excess reserves = $800 + $700
total excess reserves = $1500
so that
excess reserves after lending is here express as
excess reserves after lending = excess reserves - amount given to Molly ..........................4
put here value
excess reserves after lending = $1500 - $600
excess reserves after lending = $900
so correct option is C) $900
The cost advantage for offshore outsourcing to India used to be 6:1 or more. It is estimated that once this advantage shrinks to _____ or less, cost savings would no longer be an incentive for U.S. offshore outsourcing to India.
Answer:
1.5 : 1
Explanation:
1.5 to 1, means that for every $1 that an American company spends in offshoring activities in India, it would need to spend $1.50 in the United States to perform the same activity. By offshoring activities, American companies are saving at least 50%.
If this ratio is reduced to less than 1.5 : 1, American companies will not have any motivation to offshore activities to India. Many companies offshore activities because they save money, but if they wouldn't be able to save money, then it is always better to perform your activities at your home country since the economy as a whole benefits.
The cost savings threshold for offshore outsourcing to India is estimated to be 3:1 or less, at which point the incentive diminishes. This is due to factors like rising wages, demand exceeding supply for skilled workers, and the importance of quality and reliability of services.
The cost advantage for offshore outsourcing to India used to be 6:1 or more. It is estimated that once this advantage shrinks to 3:1 or less, cost savings would no longer be an incentive for U.S. offshore outsourcing to India. Offshore outsourcing typically leverages infrastructure and labor cost advantages when compared to traditional outsourcing. However, this advantage can diminish as wages in the outsourcing country rise, demand for skilled workers exceeds supply, and the quality and reliability of services become increasingly important factors for companies considering offshore outsourcing.
The New York Times reported in 2004 that rising wages in India might lead to a loss in its outsourcing edge, forecasting a situation where demand for college graduates in the outsourcing markets would exceed supply by 20% by 2008. This implies that the demand for Indian workers was increasing while the supply was not keeping up, possibly inflating wages and reducing the cost advantage. Additionally, while labor cost differentials between countries are a significant factor, they are not the only one; companies also need assurance of service quality and reliability, as well as considering the political and economic environment.
For smaller income-producing properties, appraisers may use the ratio of a property's selling price to its effective gross income. This is an example of a gross income multiplier. going-in cap rate. going-out cap rate. net operating income.
Answer:
The correct answer is gross income multiplier.
Explanation:
Gross income multiplier is the figure used as a multiplier of the annual gross income of a property to produce an estimate of the value of the property. Number used to estimate the Value of a Property. Gross property income is multiplied by this figure.
One year ago, Debra purchased 5,400 shares of KNF stock for $218,056. Today, she sold those shares for $19.49 a share. What is the capital gains yield on this investment if the dividend yield is 1.7 percent?
A.-28.01 percent
B.-48.28 percent
C.3.07 percent
D.-51.73 percent
E.4.53 percent
Answer:
Capital gain yield will be -51.73%
So option (d) will be the correct answer
Explanation:
We have given that Debra purchased 4500 shares of KNF stock for $218056
So price of one share [tex]=\frac{218056}{5400}=$48.380[/tex]
So the beginning price = $40.380
She sold the share at price of 19.49 per share
So ending price = $19.49
We have to find the capital gain yield
We know that capital gain yield is given by
Capital gain yield [tex]=\frac{end\ price-beginning\ price}{begninning \ price}=\frac{19.49-40.380}{40.390}=-51.73[/tex] %
So option (d) will be correct option
On April 1, Fine Corp. faxed Moss an offer to purchase Moss’ warehouse for $500,000. The offer stated that it would remain open only until April 4 and that acceptance must be received to be effective. Moss sent an acceptance on April 4 by overnight mail and Fine received it on April 5. Which of the following statements is correct?a. No contract was formed because Moss sent the acceptance by an unauthorized method.
b. No contract was formed because Fine received Moss' acceptance after April 4.
c. A contract was formed when Moss sent the acceptance.
d. A contract was formed when Fine received Moss's
acceptance.
Answer:
B) No contract was formed because Fine received Moss' acceptance after April 4.
Explanation:
The mailbox rule established that an acceptance is effective if it has been sent by a means authorized by the offeror, or by the same means used to sent the offer.
Fine Corp. didn't state by what means it would accept an offer, but if Moss would have faxed his acceptance at 23:59 April 4th, the acceptance would have been valid. But since Moss used an overnight mail service, his acceptance was not received on time and therefore is not effective.
The Tostitos BCS National Championship game will feature the top two college football teams competing for the national title. The Tostitos brand name is included in the event’s name because Frito-Lay, the manufacturer, paid for:
1. sponsorship.2. co-branding rights.3. cooperative advertising.4. direct marketing privileges.
Answer:
Explanation:
Sponsorship is a marketing approach where a company pays some amount to be associated with an event. Sponsorship marketing is common in sporting tournaments. Corporates offer sporting teams money to participate in certain sporting activities. Organizations may also sponsor the sport itself by funding the association that organizes the events.
By spending money on sponsorship marketing, corporates hope to benefit by gaining recognition. When a company sponsors an event, it acquires the privileges to carry out brand promotion during the event. For example, the company may place burners in the venue of the activity, or it may have its name printed on the T-shirts of the team or teams competing. In this case, the Tostitos brand name is included.
Many locations require that renters be paid interest on their security deposits. If you have a security deposit of $3,600, how much would you expect to receive in interest per year at 3 percent?
Answer:
So you should expect to receive $108 in interest per year
Explanation:
If you put money on security deposit, it is still your money and you should receive interest for it like when you put money on a bank deposit.
For a $3,600 deposit with 3 percent per year interest, the interest you should be paid would be:
3,600 * 0.03 = $108
During 2017 the inflation rate increased slightly but remained in the "comfort zone" and the unemployment rate was low.
Why might the Fed decide to raise interest rates in this situation?
The Fed might decide to raise interest rates ______ .
A. the quantity of loanable funds demanded exceeded the quantity of loanable funds suppliedB. it thought that the rising inflation rate was a greater problem than unemploymentC. it thought that unemployment was a greater problem than the rising inflation rateD. the quantity of money was growing too quickly
Answer:
C. it thought that unemployment was a greater problem than the rising inflation rate
Explanation:
Through monetary policies tools, the Fed ensures both the unemployment rate and inflation rates are at the desired level. There is an inverse relationship between the rate of unemployment and the inflation rate. Economists argue that a high rate of unemployment poses a greater challenge than a high inflation rate.
If the inflation rate is within an acceptable level, central banks are more worried about the unemployment rate. When a person loses their job, it affects the well-being of the individual, his family, and friends. The person becomes a financial burden in the family. Co-workers develop fear which affects productivity. Unemployment causes more misery to people than inflation.
Jack determined one of the metrics he would use to gauge the level of exposure his marketing message had with his target market was the number of times the target was exposed to his message throughout the six weeks of the campaign, representing its
Answer:
This represents its "frequency".
Explanation:
Frequency of a marketing message refers to how many times a target market or potential customers are exposed to the marketing message.
This is similar to "reach" but with a slight difference. Reach refers to the number of customer who have come across the message.
For example, it is possible for one customer to see the message five times. Frequency takes this into account while reach does not.
According to the theory of supply-side economics, a cut in the tax rate will actually result in an increase rather than a decrease in tax revenues. Which statement best explains how this is supposed to happen?
Answer:
When the government lowers tax rates, both consumer spending and private investment increase, leading to an increase in economic growth which will in turn contribute to increase government revenue through a higher tax base.
Explanation:
For every dollar that an individual earns, two things happen:
propensity to consume: proportion of total income that individuals decide to spend instead of saving. Consumer spending increases private consumption. propensity to save: proportion of total income that individuals decide to save instead of spending. All the money individuals save become private investment.Ted is compiling a survey on consumer preferences. In order to achieve the most accurate snapshot of their likes and dislikes, he should include more than 20 questions and ask respondents to spend approximately 30 minutes answering the questions.
a) true
b) false
Answer:
The correct answer is b) false.
Explanation:
A consumer survey allows companies to collect information from potential consumers who use various media.
Written surveys: this is used when a researcher tries to collect complete information from consumers. Written surveys should be concise, because if they are long, consumers may not complete them.
Questions from these types of surveys should be carefully selected so that feedback is easily obtained. Written surveys can be sent to a random sample of individuals and the responses can be analyzed in a generalized manner, so that they represent a population.
Typically, this type of survey is used to gather information on sensitive issues, as respondents can take their survey home and provide comments at the most convenient time.
Functional fixedness refers to: a. Continued use of problem-solving strategies that have worked in the past b. Arriving at a particularly insightful solution to a problem c. The tendency to see an item only in terms of its most common use d. Focusing on information that is irrelevant to the solution of the problem
Answer: Option (C)
Explanation:
Here, from the given options the correct option is (C). Functional fixedness is referred to as the psychological inclination which tends to constraint an individual to use the respective object in the a particular way i.e. how it has been traditionally utilized. This concept was first seen in the Gestalt psychology, which is referred to as the movement in discipline of psychology which mostly emphasizes on the comprehensive approach.
A ________ has three characteristics.
(1) a source of competitive advantage making a significant contribution to perceived customer benefits.
(2) has applications in a wide variety of markets.
(3) is difficult to imitate.
Answer: Core competency.
Explanation: Are the main qualities a company possess that distinguishes it in the market. This core skills and ideas possessed by the company is very hard to copy by other companies.
The core competency of a company most times is the company's key selling point in the field it specialises in. This qualities endears the customers of a company to it.
Final answer:
A well-respected brand name fits the criteria of contributing to customer benefits, having wide market applications, and being hard to imitate, thus it provides a company with a sustainable competitive advantage in business.
Explanation:
The subject of this question is core to the concept of competitive advantage and applies to Business studies at the College level. Of the given options, the correct answer that fits all three criteria - contributing to perceived customer benefits, having applications in a wide variety of markets, and being difficult to imitate - is e. A well-respected brand name that has been built up over many years. A patented invention may also fit these criteria, however, a patent has a limited life span after which it can be imitated.
Establishing a brand takes significant time and effort, and it engenders customer loyalty that is not easily replicated. This enduring loyalty contributes to retaining a competitive edge, manifests in different market segments, and provides resistance to imitation by competitors. The strength of a brand comes from sustained product differentiation and the prestige associated with the brand, which can sustain superior profitability and market position in the long run.
university researchers create a positive externality because what they discover in their research labs can easily be learned by others who haven't contributed to the researchers costs. What could the federal government do to equate the equilibrium quantity of university research and the socially optimum quantity of university research produced?
A) tax universty researchers
B) offer grants to university researchers
C) eliminate subsidized student loans
D) nothing
Answer:
B) offer grants to university researchers
Explanation:
Positive externality is when the benefits of economic activities to third parties exceeds its costs.
Research and development activities usually generate positive externality because discoveries and inventions are made which benefits the whole society.
Also, education generates positive externality .
Government can encourage activities that generates positive externality by giving grants and subsidies.
Giving grants and subsidies reduces the cost of activities.
Taxes increases the cost of production and this can discourage production.
It is activities that generate negative externality that are usually taxed.
Negative externality is when the benefits of economic activities to third parties is less than the cost.
When recording the payment of interest using the effective-interest method, the entry will include a ______ to Discount on bonds payable in the amount of the difference between the cash payment based on the ______ interest rate and interest expense based on the ______ interest rate. debit; stated; market credit; stated; market debt; market; stated credit; market; stated
Answer:Debit , market, stated.
Explanation: An actual payment of interest from a payables account is always entered as a debit in that account ledger. Then when calculating the effective interest : it is the the difference between the cash payment based on the market interest rate and interest expense based on the stated interest rate.
Tyler Jones is the CEO of a medium-sized manufacturer of bedding and blankets. Tyler insists on making all decisions on what styles are manufactured; the type of material that will be used in each; the sources from which the company will purchase yard goods, thread, and buttons; and the shippers the company will use. Which of the following terms describes this company?
a. routinized
b. centralized
c. formalized
d. standardized
Answer:
centralized
Explanation:
Based on the information provided within the question it can be said that the term that best describes this company is centralized. This term refers to an organization in which all decisions are made at the top of the company and those executives hold all the power. Which in this case is Tyler who is the top executive in the company and makes all the decisions.
Tyler Jones' management style, where he makes all significant decisions regarding manufacturing processes and materials, is centralized since the authority is concentrated at the top of the organization.
Explanation:The CEO of a medium-sized manufacturer of bedding and blankets, Tyler Jones, who insists on making all decisions on manufacturing styles, material types, sourcing, and shipping, is demonstrating a management style that is described as centralized. In a centralized organization, decision-making authority is concentrated at the top level, and there is little delegation to lower levels.
In contrast, routinized relates to repeated processes, formalized refers to structured procedures within an organization, and standardized implies uniform practices across an organization. However, Tyler's control over numerous operational decisions most directly relates to a centralized management approach, not necessarily implying routine, formalization, or standardization of the company's practices.
Glaler, a large-scale cell phone manufacturer, has a robot in each of its outlets that studies a customer's usage history and suggests a model of Glaler's cell phone that is most likely to suit the customer. This scenario best illustrates _____
A) organizational innovation
B) corporate entropy
C) reverse engineering
D) agile development
Answer:
A) organizational innovation
Explanation:
Based on the information provided within the question in regards to the situation at hand it seems that this scenario best illustrates organizational innovation. This term refers to when an organization introduces a new and unique product or service into their organization that sets them apart from their competition. Which in this scenario would be the robot in each of it's outlets which provide customer service.
At year-end, Stick Company has cash of $ 15 comma 000, current accounts receivable of $ 30 comma 000, merchandise inventory of $ 40 comma 200, and prepaid expenses totaling $ 5 comma 900. Liabilities of $ 60 comma 000 must be paid next year. What is Stick's acid-test ratio?
Answer:
0.75 times
Explanation:
The computation of the acid test ratio is shown below:
Quick ratio = Quick assets ÷ total current liabilities
where,
Quick assets = Account receivable + cash balance
= $30,000 + $15,000
= $45,000
And, the current liabilities is $60,000
Now put these values to the above formula
So, the value would equal to
= $45,000 ÷ $60,000
= 0.75 times
When Kimberly begins working for Pharmco Industries, the company tells her that at a future date, after so many years of employment with the company, she can receive retirement pay. Her rights on that date to receive pay upon retirement would be considered:a. vested.b. accrued.c. sheltered.d. inferred
Answer: Vested
Explanation: In simple words, vested refers to the right of possessing an asset or such in future which is secured by law and no third party can take away that right without the permission of the vested party.
The asset vested belongs to some other party but remains secured in the possession of some other party for a specified period of time. In the given case, Kimberly has been informed that so many years she will get her retirement pay.
Hence we can conclude that her retirement pay is vested.
The Assembly Department shows the following information: Beginning Work in Process Ending Work in Process Units Transferred Out Units 19900 65300 30200 How many total units are to be accounted for by the Assembly Department? a) 75600. b) 65300. c) 95500. d) 85200.
Answer:
a) 75600.
Explanation:
Given;
Beginning Work in Process = 19900
Ending Work in Process = 65300
Units Transferred Out Units = 30200
Total units are to be accounted= x
19900 - 30200 + x = 65300
x = 65300 - 19900 + 30200
x = 75,600
An increase in the price level when the money wage rate remains unchanged increases ______.
a. resource prices by the same percentage as the increase in the price level
b. the quantity of real GDP supplied
c. potential GDP
d. aggregate supply
Answer:
The correct answer is option b.
Explanation:
An increase in the price level will the money wage rate remains the same will cause the aggregate quantity supplied to increase. This happens because we know that the cost of input is not increasing while the price is rising.
According to the law of supply quantity supplied is positively related to the price level. So there will be an upward movement on the same supply curve. This indicates that the quantity of real GDP supplied has increased.
Target costing starts with: the selling price of an organization’s end product minus the operating profit to establish the target cost. the buyer’s lowest reasonable price target, and works to a negotiated price agreed on by the buyer and the supplier. the supplier’s price, and works to determine the supplier’s true cost structure. the supplier’s price, and works to determine the selling price of the buying organization’s end product or service. the selling price of an organization’s end product minus actual manufacturing, overhead, and materials costs to determine operating profit.
Answer:
the selling price of an organization’s end product minus the operating profit to establish the target cost.
From the sales price and gain we stabliosh the maximum cost for the product. We must optimize our purchases strategy and manufacturing processto allow this cost to be possible.
Explanation:
the supplier’s price, and works to determine the supplier’s true cost structure.
the supplier’s price, and works to determine the selling price of the buying organization’s end product or service.
If we start from the supplier price, we are going to end up doing a markup from cost which is the traditional method
The buyer’s lowest reasonable price target, and works to a negotiated price agreed on by the buyer and the supplier.
We cannot bargain with the "buyer" unless we face a monopoly or monopsony else; it will be a lot of potential consumers and negociate with all of them is not viable. Also there is no target cost from this option.
the selling price of an organization’s end product minus actual manufacturing, overhead, and materials costs to determine operating profit.
Then, there is no target; we subtract our cost and what is left is operating profit there is no pressure to optimize or improve our ways.
Marvin is an employee of Wild Thing Farms. Marvin finds out that the head of Wild Thing Farms is illegally importing endangered animals to sell as pets. If Marvin reports his employer’s illegal activities he will probably be protected fro retaliatory discharge by______________.
A. No statutes
B. Whistleblower statutes
C. Unemployment statutes
D. Worker compensation statutes
Answer:
B. Whistleblower statutes
Explanation:
A whistleblower is any person who discovers activities that could be inappropriate, illegal, or unethical and reports them to the authorities. A whistleblower exposes ill-doings to the relevant authorities or the media. The perpetrators of the wrongdoings always want their acts to remain a secret. They intimidate and threaten anyone who dares to expose them.
The whistleblower statutes were enacted to protect any person who exposes misconduct from any harm. The law safeguards them from any form of retaliatory action. Workers who report their superiors have the jobs protected by the law. Their superiors cannot threaten or reprimand them for their actions.
Joey has recently joined an advertising firm as an executive. He keeps asking Michael, his manager, for feedback on his performance. Michael, who normally has problems giving feedback to his subordinates, is delighted by Joey's attitude. In this context, which of the following needs could Joey be rated high on?
A. Need for affiliationB. Need for powerC. Need for recognitionD. Need for achievementE. Need for self-actualization
Answer:
Letter D is correct. Need for achievement.
Explanation:
The need for achievement is related to an individual who needs achievement, achievement of high working standards, control and mastery of skills and competencies. Workers with this need are motivated to work hard to achieve complex goals that ultimately increase their sense of satisfaction and achievement.
Generally those who develop this need are influenced by pressure and external expectations and characterize a competitive individual profile that due to motivation and determination has the ability to excel in relevant activities.
Comcast is advertising a new paperless statement program. With a few clicks of the mouse, you can now get your statements, pay it, and get a receipt. This is one example of retailers offering _____.
a. online purchase programs
b. electronic bill presentment and payment
c. cybermediary payment processing
d. email statement processing
Answer:
The correct answer is B that is electronic bill presentment and payment.
Explanation:
A company Comcast who is advertising a program where the work is paperless. Everything is done with a few clicks of the mouse which in the mode of electronic and the person or an individual get the statements, get a receipt or pay it.
This is an example of the retailers which are offering the electronic bill presentment and payment.
The given excerpt is one example of retailers offering Electronic Bill presentment and payment.
Option - b
Explanation:
Electronic bill payment and presentment (EBPP) is a method used by firms by systems such as the Internet, Personal Access and Automated Platform Machines (ATMs) to collect transactions electronically.
Today in many financial institutions, it has become the key component of internet banking. EBPP services are also the responsibility of the rest of the industries, including health care, telecom, and utility companies.
Two forms of EBPPs are available: the direct biller and the banking aggregator.
Biller-direct is digital billing, provided by the goods or services sold by the company. The company provides the opportunity for customers to pay their bills directly on their website and may inform them of the fee via phone. The user logs into the system via a secure site checks the data on the invoice and inputs the sum of payment.
Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa believes that the dog came from champion lines and agrees to the price. Alyssa later discovers that the puppy is worth only $200. Can Alyssa rescind the contract based on her mistake?
a. Yes, because Alyssa had a duty to investigate, which she failed to perform.
b. Probably not, because Alyssa made a mistake about the dog’s value, not a mistake about a material fact.
c. Probably so, because Alyssa made a mistake about a material fact.
d. Yes, because the dog was clearly not worth $800.
Answer:
The correct option is B
Explanation:
Sierra offers to sell a puppy to Alyssa for the amount of $800. And they did not discuss the ancestry of the dog but Alyssa believes that the dog is from champion line. So, agreed on the same.
But later on she discovered the fact the she has been overpriced. So, grounded on this she is not allowed to revoke the contract. As she made made a mistake regarding the value or the worth of the dog not on the material fact of the dog.
A national magazine with regional editions _____. Group of answer choices
a) tailors ads to different age groups contains different stories for different geographic regions relies solely on
b) subscription sales relies solely on
c) newsstand sales sends special editorial content to readers with high incomes
Answer:
contains different stories for different geographic regions
Explanation:
A national magazine with regional editions contains different stories for different geographic regions. there are many of these types of magazines all over the world. Each of which focuses on many topics and modify each copy in order to appeal distinctly to the geographic region in which it is releasing in order to increase sales.