Louise owned a house next to robert's house. robert made a contract with midcity painters to paint his house. the painters arrived to paint robert's house, but mistakenly painted louise's house. she saw the painters at work and made no comment. later, midcity painters sent louise a bill for painting her house. she claimed that she was not liable because she had not made any contract with them. is this a valid defense?
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Business, 22.06.2019 21:10
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
Business, 22.06.2019 21:30
The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was
Answers: 1
Business, 23.06.2019 01:20
Which resource management task includes activating local resource requirements, if available? a. track and report b. mobilize c. order and acquire d. reimburse and restock
Answers: 1
Business, 24.06.2019 02:20
Which of the following questions must be asked about the use of resources in an economic system? a. what is the most secure allocation? b. what is the fairest allocation? c. what is the most effective allocation? d. what allocation will provide the fastest growth?
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Louise owned a house next to robert's house. robert made a contract with midcity painters to paint h...
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