Suppose Lucy, Ricky, Fred, Ethel, and Little Ricky are each thinking of buying a Porsche from Paul's Porsche Panorama, a local dealership. Suppose the choice available to each of these five consumers is to buy one car or not buy a car. Lucy's reservation price is $100,000. Ricky's reservation price is $90,000. Fred's reservation price is $80,000. Ethel's reservation price is $70,000, and Little Ricky's reservation price is $60,000. Suppose each Porsche cost the dealership $50,000 (That is, the average cost equals the marginal cost equals $50,000.). - If the dealership wishes to sell five cars, without price discrimination what would its profit equal? A. $250,000 B. $200,000 C. $150,000 D. $50,000 [27] If instead, the dealership can sell the five cars using first degree price discrimination, what would its profit equal? A. $250,000 B. $200,000 C. $150,000 D. $50,000 [28] According to the Schumpeter hypothesis, monopoly is: A. bad because prices tend to be lower. B. bad because prices tend to be higher. C. good because it induces innovation. D. good because of economies of scale leading to lower unit costs.
Answers
C) Without price discrimination, the dealership's profit would equal $150,000. This is calculated by summing up the prices at which each consumer would purchase a car: Lucy ($100,000) + Ricky ($90,000) + Fred ($80,000) + Ethel ($70,000) + Little Ricky ($60,000) - total cost for five cars ($50,000 per car) = $500,000 - $250,000 = $250,000 in profit.
With first-degree price discrimination, the dealership can extract the maximum amount from each consumer, resulting in a profit of $250,000 (Option A). Each consumer would pay their respective reservation price, resulting in a total revenue of $100,000 + $90,000 + $80,000 + $70,000 + $60,000 = $400,000. Since the cost for five cars remains the same ($50,000 per car), the profit would be $400,000 - $250,000 = $250,000.
According to the Schumpeter hypothesis, monopoly is good because it induces innovation (Option C). Monopolies, characterized by limited competition, are argued to have stronger incentives for innovation and investment in research and development. This can lead to technological advancements, improved products, and economic growth. The hypothesis suggests that the benefits of innovation outweigh any negative effects of monopolies, such as higher prices.
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Related Questions
QUESTION 1 You should dress in the same business casual every day, even if you have important meetings or presentations. True False 1 points Saved QUESTION 2 Powdered soaps tend to dissolve more effectively in water than liquid detergents. True False 1 points Saved QUESTION 3 Business casual means anything goes (sneakers, jeans, t-shirts, etc). True False 1 points Saved QUESTION 4 International standard business attire includes suits, jackets, dresses, long-sleeved shirts, ties, and leather shoes. _________________________ True False 1 points Saved QUESTION 5 A relaxed dress code adopted by many companies is commonly called dress casual. _________________________ True False
Answers
Answer:
False
False
False
True
True
Explanation:
True or False: Any efforts to create first-time customers through social media posting will likely require some form of paid distribution to supplement free posting. True False
Answers
The efforts to create customers on a first-time basis by posting their content on social media will need some amount of consideration to make it a free posting.
What is meant by social media?Social media is a digital platform where people can connect with any individual from any part of the world.
The companies posted their content on the social media platform so that they can attract the customers for the first time, be loyal to customers by providing additional purchasing of products to the recent or old customers, and lastly put some extra efforts toward the search engine optimization.
Therefore, the provided statement is true in all respects.
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What happens to the economy during a depression? Why does innovation play an important role in the recovery stage of the business cycle? Justify your answers.
Must be written in complete high school level sentences in at least 2 paragraphs (at least 7 sentences EACH)
Answers
Answer:
Hope this helps!
Explanation:
Economic depression is a difficult time for any society. It's characterized by a decline in economic activity, high unemployment rates, and reduced consumer spending. During these times, it's important to find ways to stimulate the economy and create new opportunities for growth and job creation. Innovation can play a critical role in the recovery stage of economic depression by creating new solutions and pathways to success. In this essay, we will explore the dynamics of economic depression and the significance of innovation in the recovery stage.
Economic depression is characterized by a decline in economic activity, high unemployment rates, and reduced consumer spending. This can be a result of a variety of factors, including a decrease in demand for goods and services, a decline in business investment, and a decrease in government spending. During these times, it's important to find ways to stimulate the economy and create new opportunities for growth and job creation. One way to do this is through innovation. By creating new products, services, and technologies, businesses can find new markets, create new jobs, and stimulate economic growth.
Innovation can play a critical role in the recovery stage of economic depression by creating new opportunities for growth and job creation. Examples of innovative solutions during economic depressions include new technologies, changes in business models, and government policies that promote investment and entrepreneurship. For example, during the Great Depression, the United States government created the Works Progress Administration (WPA) to employ millions of workers and stimulate economic growth. The WPA built roads, bridges, schools, and other public works projects, creating jobs and stimulating the economy. Similarly, during the recent economic recession, many businesses found new ways to innovate by creating new products and services, such as ride-sharing apps like Uber and Lyft. Innovation can help businesses adapt to changing market conditions and consumer demands, which is crucial during an economic depression. Companies that are able to innovate and create new products or services can gain a competitive advantage and attract new customers, which can help stimulate economic growth. In addition, innovation can also lead to the creation of new industries and job opportunities. For example, the rise of the tech industry in the 1990s created a whole new sector of jobs in areas such as software development, web design, and digital marketing. Furthermore, innovation can also help address societal challenges that may have contributed to the economic depression in the first place. For instance, innovations in renewable energy could help reduce dependence on fossil fuels and mitigate climate change, which could have positive economic impacts in the long run. Overall, innovation is a powerful tool for driving economic growth and creating new opportunities during times of economic depression. By fostering a culture of innovation and investing in research and development, societies can emerge stronger from periods of economic hardship.
Innovation is not just important during the recovery stage of an economic depression, but also in preventing future depressions. By investing in new technologies and promoting entrepreneurship, we can create new opportunities for growth and job creation. For example, investing in green technologies and renewable energy can create new jobs and stimulate economic growth while also reducing our carbon footprint. Additionally, promoting entrepreneurship and small business development can create new opportunities for growth and innovation, helping to prevent future economic downturns. Furthermore, innovation can also lead to increased productivity and efficiency in various industries, which can help to lower costs and increase competitiveness. This can lead to more stable economic growth and less vulnerability to economic downturns. In addition, promoting entrepreneurship and innovation can also help to diversify the economy, reducing reliance on a single industry or sector. This can make the economy more resilient to external shocks and fluctuations.
In conclusion, economic depression is a difficult time for any society. It's characterized by a decline in economic activity, high unemployment rates, and reduced consumer spending. However, by investing in innovation, we can create new opportunities for growth and job creation, both during the recovery stage and in preventing future depressions. Examples of innovative solutions include new technologies, changes in business models, and government policies that promote investment and entrepreneurship. By working together to find new solutions, we can overcome the challenges of economic depression and build a stronger, more resilient economy.
Fulbright County constructed a library in one of the county's high-growth areas. The construction was funded by a number of sources. Below is selected information related to the Library Capital Project Fund. All activity related to the library construction occurred within the current fiscal year. The county operates on a calendar-year basis. Required: Prepare a journal entry for capital projects fund and governmental activities at the government-wide level.
Answers
In the current fiscal year, Fulbright County constructed a library in a high-growth area, funded by various sources. The task requires preparing a journal entry for the Library Capital Project Fund and governmental activities at the government-wide level.
To provide a comprehensive answer, specific details regarding the funding sources and amounts involved in the library construction are required. However, in general, the journal entry for the Library Capital Project Fund would involve recording the sources of funding as credits to the fund's cash or revenue accounts, depending on the nature of the funds received. Simultaneously, the corresponding debits would be made to the appropriate accounts, such as construction expenditures or asset accounts, to reflect the capital project's costs or the acquisition of the library building.
At the governmental activities level in the government-wide financial statements, the journal entry would entail capitalizing the library building as a long-term asset, recognizing any related depreciation expenses, and reflecting the funding sources as revenues or grants received. These entries aim to accurately represent the financial impact of the library construction on the county's overall financial position and results of operations.
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Charles Adams deposited $1,000 in a savings account that earns 4%
interest compounded monthly. He made no other deposits or
withdrawals. What was the amount in the account at the end of 2
months? How much is the compound interest?
$1,006.67 and $6.67
$1,013.67 and $13.67
О. $1,020.10 and $20.10
$1,040.40 and $40.40
Answers
Answer:
$1,013.67 and $13.67
Explanation:
The formula for calculating compound interest is as follows
FV = PV × (1+r)^n
Where Fv is the future value
Pv is the present value, $1000
r is the interest rate 4%
n is number of periods= 2 months
Since time is in months, applicable interest rates will be 4% per year divided by 12 months multiplied by 2
=4/12 x 2 =0.67%
Fv = $1000 x (1 + 0.67/100)^2
Fv = $1000 x (1.0067)^2
Fv = $1000 x 1.01344489
Fv= $1,013.44
The amount will be $1,013.44.
Interest will be $1,013.44 - $1000 = $13.44
Assume that the quotes given below are from a newspaper. "petrol prices fall for the second time during this year", "price of video games is set to fall again" "price of foreign holidays increases" Explain whether the producers of the relevant companies i) Are likely to raise or cut back on production as a result of these news items. Explain your reasons. ii) What is the term used for this rise or cut down of production?
please help ASAP
Answers
Answer:
which subject
Explanation:
¯\_ʘ‿ʘ_/¯¯\_ʘ‿ʘ_/¯¯\_ʘ‿ʘ_/¯
if a price is unclear when a contract is found to exist, the ucc directs the courts to:
Answers
The Uniform Commercial Code (UCC) provides a set of rules that governs commercial transactions in the United States. When a contract is found to exist, but the price is unclear or ambiguous, the UCC provides guidance on how courts should handle such situations.
Under the UCC, if the price is not determinable at the time the contract is formed, the parties may agree to a reasonable price or leave the price to be determined by a third party. If the parties fail to agree on a reasonable price or a third party is not designated, the courts may determine a reasonable price based on factors such as the market price for similar goods, the cost of production, and any relevant industry standards. It is important to note that the UCC's guidelines for determining a reasonable price are meant to ensure fairness and equity in commercial transactions. Therefore, if a price is unclear in a contract, parties should work towards a mutual agreement on a reasonable price or be prepared to have a court determine it for them.
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Owen is an hourly employee, and the line that models his total pay in dollars
as it relates to the number of hours he has worked has a slope of 25 and a y
intercept of 15. Which statement is true?
Answers
It is accurate to say this.
Owen makes $25 per hour, and it seems like he also got a $15 signing bonus.
How can I figure out a line's slope?Find the coordinates of each of the two locations you choose along the line. The y-coordinates of these two locations should be distinguished (rise). The difference between these two places' x-coordinates should be determined (run). Divided by the difference in x-coordinates (rise/run or slope), the difference in y-coordinates is determined.
What distinguishes salaried workers from hourly workers?Based on their total income, salaried employees typically receive the same amount each pay week. On the other hand, an hourly employee receives a defined wage for each hour that they work. For instance, if they work eight hours a day at $20 an hour, they would make $160 that day (before taxes).
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Explain two reasons why having good managers is important to their business
Answers
Answer:
Managers can lead their teams by giving a sense of purpose and direction that employees can rely on.
Answer:
Managers can provide leadership to their teams, providing a purpose and direction that employees can trust. They help employees reach their goals and handle the daily production and processes of a business. They also plan the next steps for managing projects and potential hires.
PLS MARK ME AS THE BRAINLIST!!!
Notices provide a cheap way of communicating the same information to a large number of people but they may not be read, or may be ignored. True or false ?
Answers
Answer:
True
Explanation:
Notices can be regarded as a form of
formal communication to pass information to particular person as well as group of people. This could be inform of invitation to attend a meeting, legal notice from court, announcement of a particular event,
Rachel wants to pursue a career in business information management. Arrange the certification/degree or training that Rachel needs for he
career growth.
certification in MIS
bachelor's degree in business
administration
training in management skills and data
storage
master's degree in business
administration
Answers
Answer:
The answer is below
Explanation:
For Rachael to pursue a career in business information management. She is expected to follow the following route one after the other.
1. training in management skills and data storage: this can be done immediately after high school
2. certification in MIS: this is a form certification, that is noteworthy. It can be done before a college or university degree.
3. bachelor's degree in business administration: this is obtained at a university level.
4. master's degree in business administration: this is often regarded as a postgraduates degree and can only be obtained after a first degree
5. career growth: after acquiring knowledge, here comes the stage to apply all the knowledge acquired in the obvious that in the real world either as an employee, inventor, or innovation.
Training in management skills and data storage, certification in MIS:, bachelor's degree in business administration:, master's degree in business administration: and career growth is the right way of doing business information management.
Why Training in management skills are important for the person?Training a development is very essential part in the management degree as it facilitates the person in giving the leadership quality and increase the confidence level of person, other important features of training are -
Communication has improved.Boost your productivity. More productive employees spend more time at work.Reduced Loss. Improved Morale.Thus, the statements are arranged above.
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which of the following is the most complex level of body organization
Answers
Answer:
The major levels of organization in the body, from the simplest to the most complex are: atoms, molecules, organelles, cells, tissues, organs, organ systems, and the human organism.
Explanation:
I Hope This Helps!!!
1. You are shy and not confident of your abilities to contribute to the group project. You're not good with
writing, can't come up with ideas, and are scared to present. As a result, you have contributed very little to the assignment thus far and are reluctant to volunteer yourself for tasks.
Answers
First, it is important to remember that everyone has something valuable to contribute to a group project, and that contribution can take many forms.
What is a group project.?Generally, Even if you don't feel confident in your writing or presentation skills, there are still ways to make your mark.
You could offer to do research on the topic, help organize the project and break down tasks, or take on tasks that don't require writing or presenting, such as developing a budget or timeline. You could also suggest ideas or ask questions during group meetings.
Finally, if you are feeling overwhelmed, reach out to your group members and talk openly about how you're feeling. They may be able to provide reassurance and help you come up with ideas.
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Tara is interested in designing automated systems for a supply chain. which type of degree would she most likely need? select an answer: mechanical engineering packaging engineering computer science industrial engineering
Answers
Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.
What is mechanical engineering?Mechanical engineering is a branch of science that combines other Science subject such as physics and mathematics to manufacture important mechanical systems and product.
Therefore, Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.
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if i get 16 brainlest ill give u guys 136 points
Answers
Answer:
you get brainlyist by answering questions. not making them
Answer:
ill give u brainlest tete
Explanation:
Describe three features of Agriculture before the Agricultural Revolution.
Answers
The three features of Agriculture before the Agricultural Revolution are "Nomadic lifestyle, Small-scale farming, and Limited technology".
The agricultural revolution was the agriculture small-scale practices and subsistence-based activity that played a secondary role to hunting and gathering.
The three features of Agriculture before the Agricultural Revolution are Nomadic lifestyle, Small-scale farming, and Limited technology.
The Nomadic lifestyle referred to practice in agriculture in which humans were predominantly nomadic and relied on hunting and gathering for sustenance. They moved from place to place in search of food.
The Small-scale farming referred to clearing small plots of land and planting crops.
The Limited technology referred to used primitive tools, such as stone axes and digging sticks, to clear land and plant crops.
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Coronado Industries uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $385,200 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,870. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,870, prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount (b)
Answers
Answer:
A. Dr Bad debt expense $8,686
Cr Allowance for Doubtful account $8,686
B. Dr Bad debt expense $10,669
Cr Allowance for Doubtful account $10,669
Explanation:
(a) Prepararion of the adjusting journal entry to record bad debt expense for the year.
Dr Bad debt expense $8,686
Cr Allowance for Doubtful account $8,686
[(3%*$385,200)-$2,870]
(Being to record bad debt expense)
B.Preparation of the adjusting journal entry for bad debt expense
Dr Bad debt expense $10,669
Cr Allowance for Doubtful account $10,669
[(3%*$385,200)+$887]
(Being to record bad debt expense)
creating a vision for others to follow, establishing corporate values and ethics, and transforming the way an organization does business in order to improve its effectiveness and efficiency is the definition of:
Answers
The notion of leadership includes establishing a vision that others may adopt, creating corporate values and ethics, and changing how an organization operates to improve effectiveness and efficiency.
Leadership is the capacity of an individual or a group of individuals to motivate and influence subordinates or other team members.
Making wise - and frequently difficult - decisions, outlining and conveying a clear vision, setting realistic goals, and supplying followers with the information and tools required to accomplish those goals are all components of effective leadership.
Nearly every aspect of society, including business, politics, local communities, and regional organizations, needs leaders.
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PLEASE HELP WITH THIS
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Supplies Expense 2,900,Supplies 2,900This entry records the supplies used during the year. The Supplies Expense account is debited for the amount of supplies used.
What is year ?Year is a measurement of time that is commonly defined as the number of full rotations of the earth around the sun. A year is typically divided into twelve months, each of which consists of thirty to thirty-one days. Depending on the calendar system, a year can also include an extra day or two to account for the fraction of a rotation that is leftover. In most cases, a year is 365 days long, although leap years are 366 days long. The length of a year determines how we mark the passage of time and when events are celebrated.
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The ________ statement might be chosen by a company because it highlights the components of net income.
Answers
The financial statement that highlights the components of net income is the income statement.
What is an income statement?
The income statement is a financial statement that contains the record of a company's income and expenses in a financial year. It is used for determining if a company is earning a profit or a loss.
It also contains components that explains the net income of the company.
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The Financial statement might be chosen by a company because it highlights the components of net income.
What is Financial statement?Financial statement are materials or tools that can be used to monitor a company or firm's performance. It can be in form of written document including the financial activity of a company over a given period of time.
It include the income of a company as well as expenses.
Therefore, the Financial statement might be chosen by a company because it highlights the components of net income.
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the logistics process of recycling or disposing of returns from customers or from resellers is known as
Answers
The logistics process of recycling or disposing of returns from customers or from resellers is known as reverse logistics.
What is the reverse logistics process?Reverse logistics, as it is commonly known, is the movement of commodities away from their usual final location in order to increase their value or ensure correct disposal. The management and sale of excess inventory or raw materials, as well as the delivery of rented machinery, equipment, and other hardware back to the leasing company, are all included in reverse logistics. Another name for it is returned.
Every e-commerce fulfillment operation needs management to be successful. An order's return procedure is known as reverse logistics. Moving the product back to its place of origin once it leaves the client is known as this process. Reverse logistics, in essence, is the handling or process of an item after the initial sale.
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Bullying, "according to noted expert Dan Olweus, "poisons the educational environment and affects the learning of every child. " Bullying and victimization are evident as early as preschool, with the problem peaking in middle school. Suppose you are interested m the emotional well-being of not only the victims but also bystanders, bullies, and those who bully but who are also victims (bully-victims). You decide to measure depression in a group of victims and a group of bully-victims using an 18-item. 5-point depression scale. Assume scores on the depression scale are normally distributed and that the variances of the depression scores are the same among victims and bully-victims.
The group of 23 victims scored an average of 40. 1 with a sample standard deviation of 10 on the depression scale. The group of 28 bully-victims scored an average of 46. 8 with a sample standard deviation of 11 on the same scale. You do not have any presupposed assumptions about whether victims or bully-victims will be more depressed, so you formulate the null and alternative hypotheses as:__________.
H0:μvictims - μ bully victims = 0
H1:μvictims - μ bully victims ≠ 0
You conduct an independent-measures t test. Given your null and alternative hypotheses, this is a test.
To use the Distributions tool to find the critical region, you first need to set the degrees of freedom.
Answers
The null hypothesis for the question is that there is no difference between the scores of the bully victims and the depression victims. The alternate hypothesis tells us that there is a difference.
What is a hypothesis?This is an idea that is proposed for the sake of argument. This is put through statistical tests to see if they are true.
Null hypothesis
H0: μ1 - μ2 = 0
Alternate hypothesis
H1: μ1 - μ2 ≠ 0
The test to be conducted is a two sample t test with equal variances.
The degree of freedomn1 = 23
n2 = 28
df = n1 + n2 - 2
= 23 + 28 - 2
= 49
The degree of freedom is 49.
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Using stored liquidity to offset a deposit drain will reduce the size of the bank but using purchased liquidity to offset the drain will not.
a. true
b. false
Answers
Using stored liquidity to offset a deposit drain will reduce the size of the bank but using purchased liquidity to offset the drain will not. The given statement is true.
Stored liquidity meets all funding requirements through carefully designed deposit structures and on-balance sheet liquid assets. Purchased liquidity employs borrowings and non-core liabilities to cover financial requirements.
Liquidity management was bought. Liquidity can be obtained on the financial markets, such as by borrowing money from rival banks and other institutional investors. • A liability-side adjustment to the balance sheet to cover a deposit drain.
By the effect it has on the price of acquired funds. Because all shareholders share in the value loss on a pro rata basis, mutual funds have lower liquidity risk than banks when comparing the two.
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Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. On December 31, the accounts receivable balance includes $21,000 from November sales and $51,000 from December sales. Assume that total sales for January are budgeted to be $59,000. What are the expected cash receipts for January from the current and past sales?
Answers
Answer:
$57,100
Explanation:
The technique for this question to follow closely the payment cycle
Calculation of January Cash Receipts
Cash Sales ($59,000 x 10%) $5,900
Credit Sales in January ($59,000 x 40%) $23,600
Credit Sales in December ($51,000 x 50%) $25,500
Credit Sales in December ($21,000 x 10%) $2,100
Total $57,100
Conclusion
the expected cash receipts for January from the current and past sales is $57,100
make an advertisement for an existing product
Answers
The most effective method to Make a Promotion
Pick Your Interest group.
Lead Advertising Exploration.
Pick Your Foundation.
Settle on a Tight spending plan.
Create a Message.
Get Individuals Talking.
Conclude What You're Building.
Incorporate a CTA.
Remember the Subtleties
Make Test Promotions
Foster Inventive Resources
Decide Estimations of Achievement and Set Up Following
Send off Your Promotion
Track and Break down Execution
Make Changes, Wash, Rehash
The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the price the investor receives when the stock is sold. The final price includes the original price paid plus an expected capital gain. The actions of the marginal investor determine the equilibrium stock price. Market equilibrium occurs when the stock's price is -Select- its intrinsic value. If the stock market is reasonably efficient, differences between the stock price and intrinsic value should not be very large and they should not persist for very long. When investing in common stocks, an investor's goal is to purchase stocks that are undervalued (the price is -Select- the stock's intrinsic value) and avoid stocks that are overvalued. The value of a stock today can be calculated as the present value of -Select- stream of dividends:
Answers
Answer:
marginal investor
equal
less
infinite
Explanation:
the value of a stock depends on the sum of the value of the dividend yield and capital gains yield
dividend yield = dividend / price of the stock
capital gains yield is a change in the value of the stock as a result of appreciation in the value of the stock.
The intrinsic value of a stock can be calculated using various dividend models. some of them include :
The Gordon constant growth dividend model The two stage dividend growth model The H-model The three stage dividend growth modelThe market is in equilibrium when price equal intrinsic value
a stock is undervalued when the price of the stock is less than its intrinsic value
A stock is overvalued when the price of the stock is greater than its intrinsic value.
An investor would want to purchase a stock that is undervalued so that they can take advantage of increase in the value of the stock
Th dividend used to calculate the intrinsic value is infinite. This is because dividends are paid infinitely as long as the investor holds the stock and the company exists
I will give Brainliest solve y x+-12-14=
Answers
Answer:
yx-26
Explanation:
What type of material is a land resource in the production process?
Answers
Everything that derives from the land, including all natural resources needed to create goods and services, is referred to as "land." Natural resources such as water, oil, copper, natural gas, coal, and forests are examples of common land. The production process uses land resources as its raw materials.
What is production process?Industrial processes are actions that involve chemical, physical, electrical, or mechanical phases to help with the production of an object or things, typically done on a very large scale. The foundation of heavy industry is industrial processes. In order to offer consumers with goods and services, a production process is a way of using economic input or resources, such as labour, expensive machinery, or land. A production process typically entails all the processes a facility might take to establish production quotas, develop and assemble products, and then distribute them to clients or independent retailers. Various manufacturing methods and procedures, such as 3D printing, joining, or casting, may be included.To learn more about production process, refer to:
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In order to do what you want to do, you need to be around people who are doing it and in ______.
Answers
In order to do what you want to do, you need to be around people who are doing it and in places where it's happening.
What is this Proximity Principle about?In psychology, the proximity principle is one of gestalt principles of perceptual organization that states that people treat objects close together as a group. In social psychology, the principle holds that people closer together in a physical environment are more likely to form a relationship than those farther away.
Popularly, the Proximity Principle is one that states "In order to do what you want to do, you need to be around people who are doing it and in places where it's happening".
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The owner of a one-acre parcel of land with a small house on it rented the property to a professor of a nearby college at a monthly rental of $500. Several years later, after the professor got tenure, the parties orally agreed that the professor would purchase the property from the owner for the sum of $60,000, payable at the rate of $500 a month for 10 years. They agreed that the owner would give the professor a deed to the property after five years had passed and $30,000 had been paid toward the purchase price, and that the professor would execute a note secured by a mortgage for the balance. The professor continued in possession of the property and made all monthly payments in a timely fashion. When he had paid $30,000, he tendered a proper note and mortgage to the property owner and demanded that she deliver the deed as agreed. The owner refused because valuable minerals had been discovered on adjacent parcels in recent months, causing the value of this parcel of land to increase to 10 times its former value. The professor brought suit against the property owner for specific performance. If the court rules in favor of the property owner, what is the likely reason
Answers
Answer: See explanation
Explanation:
Based on the information that were provided in the question, in a situation whereby the court rules in favor of the property owner, the most likely reason for this will be because the payment of the professor are as consistent just exactly as if they had a landlord-tenant relationship between them even though it was just an oral contract that they both had.
In this case, since the professor met his term of the agreement, then he should be given the property.