Marcy owns a trucking company that hauls goods all over the country. Wilson contracts with Marcy's company to transport ten tractor-trailer loads of goods from Ohio to Texas. After delivery of the goods, Marcy learns that all the goods were stolen. The contract:_______.a. is unenforceable, because the goods were stolen and Marcy's company cannot collect its fee.
b. is enforceable, because Marcy's company was justifiably ignorant of the fact that the goods were stolen.
c. is unenforceable unless Marcy's company can return the goods.
d. is unenforceable, and Marcy's company is now liable for the stolen goods.

Answers

Answer 1

Answer:

Answer:

b. is enforceable, because Marcy's company was justifiably ignorant of the fact that the goods were stolen.

Explanation:

Marcy owns a trucking company that hauls goods all over the country. Wilson contracts with Marcy's company to transport ten tractor-trailer loads of goods from Ohio to Texas. After delivery of the goods, Marcy learns that all the goods were stolen. The contract: is enforceable, because Marcy's company was justifiably ignorant of the fact that the goods were stolen..

The contract that existed between Wilson and Marcy was that of delivery of Goods and that has been done by Marcy, hence Marcy is not liable under the contract agreement because he has fully discharged his responsibilities under the contract.

A party can only sue if he is involved in a contract and the other party fails to live up to their end of the contract.

If the goods were stolen in transit Wilson would have had the option of suing for breach of contract.

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"How does filing bankruptcy limit your quality of life?

Answers

Here are some reasons why filing bankruptcy will limit your quality of your lives :

- Bankruptcy will ruin your credit score
- I will potentially make you loss your property
- It will make it nearly impossible for you to get a mortgage

What is one difference between a firm in a perfectly competitive industry and a firm in a monopolistically competitive industry?A) A monopolistically competitive firm does not face a downward-sloping demand curve.
B) A monopolistically competitive firm faces competition from firms producing close substitutes.
C) A monopolistically competitive firm is guaranteed to make more than normal profits in the long run.
D) A monopolistically competitive firm does not choose a level of output where marginal cost is equal to marginal revenue.

Answers

Answer:

Letter b is correct. A monopolistically competitive firm faces competition from firms producing close substitutes.

Explanation:

Monopolistic competition is an economic situation that occurs when companies exhibit imperfect competition, that is, companies market similar but not identical products, which characterize them as substitute but not perfect substitute products.

Products may have different variables, such as quality, price and reputation in the market. The greater the degree of product differentiation, the more price control the company will have.

At a price of $8.5 per ticket, a musical theater group can fill every seat in their 1800 seat performance hall. For every additional dollar charged for admission, the number of tickets sold drops by 65. a) What ticket price maximizes revenue? Round your answer to the nearest cent.

Answers

Answer:

The ticket price that maximizes revenue is $18.10

Explanation:

Hi, first we need to construct the revenue equation in terms of the additional dollar charge (that would be X). That is:

$Revenue=Price*Quantity$

$Revenue=(8.5-X)(1,800-65X)$

So we expand it:

$Revenue=15,300-552.5X+1,800X-65X^(2)$

$Revenue=-65X^(2) +1247.5X+15,300$

This is a parabola, and we need to find its vertex, which in our case that would be the maximum additional dollar charge in order to obtain the highest revenue possible, to find the vertex, we need to consider that:

$Y(X)=AX^(2)+ BX+C$

And to find the X-coordenate we have to use the following equation.

$Vertex(X)=(-B)/(2A)$

In our case, A= -65; B= 1,247.5, so, all should look like this:

$Vertex (X)=(-(1247.50)/(2(-65)) =9.6$

That means, we need to make 9.6 increments of $1 in order to obtain the max revenue possible, therefore, the price would be

Price = $8.50 + $1(9.6)= $8.50 + $9.6 =$18.10

Best of luck.

Which is NOT considered an additional cost beyond tuition for higher education?Textbooks and suppliesAcademic counselingRoom and boardTransportation

Answers

The option that is NOT considered an additional cost beyond tuition for higher education is Academic counseling.

The other options, such as textbooks and supplies, room and board, and transportation, are all additional costs typically associated with higher education.

In contrast, academic counseling is considered a core service that is provided by colleges and universities to support student success. This service is typically included in the cost of tuition and is not viewed as an additional expense beyond tuition.

Academic counseling services may include academic advising, career counseling, and other types of support to help students succeed in their academic pursuits.

While academic counseling may not be considered an additional cost beyond tuition, it is a valuable service that can help students succeed in college and beyond.

By providing students with the support they need to achieve their academic and career goals, academic counseling can help students make the most of their college experience and prepare for success in their future careers.

To learn more about career, refer below:

brainly.com/question/30040900

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Recommend ways in which businesses can contribute time and effort to advance the well being of others in a business context in the following aspects:*improving the general quality of life
*refraining from engaging in harmful practices
*making ethically correct business decisions
*providing support to employees

Answers

The right answer for the question that is being asked and shown above is that: "*making ethically correct business decisions."Recommend ways in which businesses can contribute time and effort to advance the well being of others in a business context in the following aspects: *making ethically correct business decisions

The answer is settling on morally revise business choices.So C)

When there is a shortage of a product in an unregulated market, there is a tendency for:_________a) quantity supplied to decrease.
b) price to rise.
c) price to fall.
d) quantity demanded to increase.

Answers

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the most appropriate answer is option (B) because when there is a shortage of a product, the demand for the product remains the same and hence this can result in price to rise of that product.

While the other options are not correct because of the following reasons:

Option (A) is not that appropriate because when there is a shortage of any product, it is obvious to decrease in quantity supplied but it doesn't show any tendency.

Option (C) is not correct because when there is a shortage of any product there is no chance of price to fall.

Option (D) is not correct because when there is a shortage of any product, it doesn't matter to increase in quantity.

Final answer:

In a scenario where there is a shortage of a product in an unregulated market, there is a tendency for the price to rise. This happens because of the increased competition among buyers for limited goods, demonstrating the principles of supply and demand.

Explanation:

When a product is in short supply and the market is unregulated, the market mechanism will respond in such a way that there is a tendency for the price to rise. This happens because the shortage of product creates competition among buyers, which drives the price up. This concept is a fundamental principle of supply and demand. When demand exceeds supply, prices naturally tend to go upward in an unregulated market until equilibrium is reached. Hence, the correct answer is b) price to rise.

Learn more about Supply and Demand here:

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