Francis has 2500 rare stamps in her collection. One day, Francis asks her friend Natasha, “Do you want to buy the stamp for $200?” This is   a. a valid offer.   b. not a valid offer because Natasha did not agree.   c. not a valid offer because the terms are not definite.   d. not a valid offer because there is no contractual intent on the part of Francis.

Q: When managing time, consumers should consider time as if it were: (a) money or a scare resource (b)…

A: Having a resource that is scarce, including money and also time, is something that will be of…

Q: Define consideration. Can consideration be illegal for a binding contract? Can consideration be…

A: Consideration is a concept of English not unusual place regulation and is a want for easy contracts…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: heeds to make an additional repair, which will cost another $400, in order to make the guitar worth…

A: here we can find the answer of given question by following method given below;

Q: Bill is a professional photographer. His camera is broken, and he needs a new one within the next…

A: Willingness to pay (WTP) shows the maximum price that the buyer or consumer is ready to pay to get…

Q: You just spent $40 on a new movie for your collection. You would have preferred the director's cut…

A: Opportunity Cost is the cost of the next best alternative that is being sacrificed in order to…

Q: Vanessa Denai owned forty acres of land in rural Louisiana. On the property were a 1,600-square-foot…

A: Hello, Thank you for the question. Since there is multiple subpart question posted here, only the…

Q: Which of these is a guideline for making a decision? Guaranteed gain Marginal cost is less than…

A: Optimal decision making requires optimum utilization of resources in order to attain certain level…

Q: Select one topic from the list below related to money and banking for the course. Once you have…

A: Electronic transactions and banking refer to the use of digital platforms to conduct financial…

Q: Aaron, an insurance agent, meets with his long-time client Samantha, a 59-year-old paralegal because…

A: NOTE:- “Since you have posted multiple questions, we will provide the solution only to the first…

Q: Please give typed solution, don't use handwriting or notebook for solution. Todd is driving his SUV…

A: If you own a car and are concerned aboutt the medical bills in case of an accident and you have a…

Q: Buying and selling textbooks are two separate decisions made at the margin. Textbooks create value…

A: The consumer surplus is when a consumer is willing to pay less than its product price. It is based…

Q: What factors are used to judge if consideration is adequate to ensure a fair bargain? Choose 2…

A: For a consideration to be real, both sides must make a pledge. This means that one party must make a…

Q: Select one topic from the list below related to money and banking for the course. Once you have…

A: The global market and banking connection refers to the interdependence between international…

Q: Your mother loves books. From an economist's perspective, what is the best gift from the list below,…

A: The resources which are present with the economies tend to be limited in nature, while people have…

Q: Selecting a Bank: Veronica plans to open a checking account with her $1,200 tax refund check. She…

A: Monthly charges by a bank refer to the fees that customers are required to pay on a regular, usually…

Q: You are trying to decide if you should rent an ice cream truck and drive it around the city park to…

A: The rate of return is the gain or loss that is received from an investment expressed in the form of…

Q: you have $84.25. you get additional money for mowing lawns. then you purchase a new pair of shoes…

A: Marginal revenue is defined as the additional revenue earned by an individual when he sells an…

Q: Bread is always a consumer goods  True/False

A: A good being produced by a business and being bought by a consumer as a final good is known as…

Q: None

A: Market Value vs. Personal Value:The market value of an item (in this case, your car) is what someone…

Q: Utility equals satisfaction true or false

A: The concept of utility is used to analyse consumers' tastes.

Q: Rational decision-making will likely generate a better "economic" outcome vs. emotional…

A: In economics, there is a basic assumption that consumers are rational in their decision making. This…

Q: Hi, there. I need a clarification of question number 1, which choice is the best answer?

A: The supply curve will shift to the left whenever there is an increase in the cost of production.

Q: 1.Only the moment matters in moral decision making Group of answer choices Morrison none of these…

A: Moral decision-making refers to the ability to produce a sensible and justifiable answer to an…

Q: Linda has a chronic illness that requires two medications: Xolophyl (X) and Ysplinti (Y). She needs…

A: Given that :Two good : aolophyl (X) and ysplinti (Y)Price of X and Y are Px and Py…