QUESTION 9Questionable Power Service (QPS) hires Ted's Repairs to winterize its electrical generation plants on January 1 for $25,000.No one from Ted's Repairs shows up, so QPS has to hire another company to do the job for $50,000. Questionable PowerService may recover from Ted's Repairs:01. Maximum Damages02 Punitive Damages03 Compensatory DamagesO4 Nominal DamagesQUESTION 10The perfect tender rule requires which of the following? More than one answer is possible.O the goods delivered must be exactly what was orderedO an Article 2 contractO the performing party must act in good faith and convey at least a substantial benefit to the customerO the services delivered must be exactly what was ordered

Questionable Power Service (QPS) hires Ted's Repairs to winterize its electncal generation plants on…

Answered: QUESTION 9 Questionable Power Service…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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7
Dollars per unit $15 $14 $13 $12 $11 $10 $9 58 $7 $6 $5 $4 $3 $1 $15 O $5 O $3 O $10 500 750 MC Referring to the graph above, the profit-maximizing price is AVC 1,000 1,250 -MR=D ATC Quantity
A grain exporter needs 1.9 million bushels of wheat to export in the month of December. In August, they are fairly certain wheat prices are going to go up, so they want to lock in prices for November purchase. They decide to hedge and purchase December KC HRW contracts. In August, the December futures price is $8.9875 with a basis of -$0.09. Brokerage fees for each contract is $5.00 round turn. On November 15, December KC HRW futures are trading at $9.0475 per bushel and the cash price is $8.9975. What was the net price paid per bushel for this scenario?
1
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9
Kindly assist on question 1 and 2 1The difference between zero accounting profit and zero economic profit is that. a) an economic profit of zero indicates a fair return because it includes the opportunity cost of a firms capital. b) an economic profit zero indicates unacceptable rate of return because it does not include the opportunity cost of a firms capital. c) an economic profit of zero indicates more than a fair return because it includes opportunity cost and explicit cost. d) an accounting profit of zero indicates a fair rate of return because it includes the opportunity cost of a firms capital. 2.If a corporation is sued and losses the lawsuit, it's liability to pay. a) is imposed on all stockholders, personally b) is imposed only on the corporate CEO and the board of directors. C) its limited to the assets held in the corporations name. d) is imposed on the bondholders of the corporation
2. Superior Metals Company has seen its sales volume decline over the last few years as the result of fising foreign imports. In order to increase sales and hopefully, profits), the firm is considering a price reduction on uranium-a metal that it produces and sells. The firm currently sells 60.000 pounds of uranium a year at an average price of $10 per pound. Fixed costs of producing uranium are $250,000. Current variable costs per pound are $5. The firm has determined that the variable cost per pound could be reduced by $.50 if production volume could be increased by 10 percent (fixed costs would remain constant). The firm' marketing department has estimated the arc elasticity of demand for uranium to be - 1.5. (a) How much would Superior Metals have to reduce the price of uranium in order to achieve a 10 percent increase in the quantity sold? (b) What would the firm's (i) total revenue, (ii) total cost, and (ii) total profit be before and after the price cut? 8 - 60000
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RUE OR FALSE 1. Cost allocation could be a variable input to encourage design of products that are simpler to manufacture and less costly to service.2. In long-run pricing, decisions should consider all manufacturing and non-manufacturing costs but should consider all future direct and indirect costs as irrelevant. 3. Reverse engineering can be used to analyze competitors' products to determine product designs and materials and to understand the technologies competitors use. 4. Fluctuations in exchange rates between different countries' currencies affect costs and pricing decisions of a company 5. Selling prices computed under cost-plus pricing are prospective prices that may or may not actually be charged to customers. 6. There are alternatives ways of measuring the cost base when applying a cost-plus method to pricing but research shows that many managers prefer to use full cost as the cost base. 7. Monopolists can charge prices without limitations as there is no…

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