Suppose that jack and sophia and hal enter into an agreement for the sale of the business without the non-competition agreement. jack states that he would probably sign the non-competition agreement if they included an extra $100,000. a month later, hal and sophia bring jack $100,000. what is the result? a. jack cannot change his mind, since he stated that he would probably accept $100,000 additional for the non-competition agreement. b. if jack does not accept the $100,000, he may not sell the frozen food, but only for a reasonable amount of time. c. if jack does not accept the $100,000, there is a valid contract for the sale of the business, without a non-competition clause. d. if jack does not accept the $100,000, there is no valid contract for the sale of the business or for the non-competition agreement.

Captain john's yachts, inc., located in fort lauderdale, florida, rents three types of ocean-going boats: sailboats, cabin cruisers, and captain john's favorite, the luxury yachts. captain john advertises his boats with his famous "you rent"we pilot" slogan, which means that the company supplies the captain and crew for each rented boat. each rented boat has one captain, of course, but the crew sizes (deck hands, galley hands, etc.) differ. the crew requirements, in addition to a captain, are one for sailboats, two for cabin cruisers, and three for yachts. ten employees are captains, and an additional 18 employees fill the various crew positions. currently, captain john has rental requests for all his boats: four sailboats, eight cabin cruisers, and three luxury yachts. if captain john's daily profit contribution is $50 for sailboats, $70 for cruisers, and $100 for luxury yachts, how many boats of each type should he rent?

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

How are credit unions similar to banks