Ms. Bee showed Mr. Jack's Candlestick Lane property to Mr. Nimble & Ms. Quick without having an agency with Jack. Later Jack quickly accepted the offer to purchase, which was submitted by Bee on behalf of Nimble & Quick. Jack, Bee, Nimble and Quick jumped over the Candlestick agency hurdles and successfully closed escrow in just three days for all cash. Jack consented to Bee's unauthorized acts. Under these circumstances, an agency could be created by: O Fiduciary O Estoppel Assumption O Ratification
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- Jims diner is just about to open in memphis, tennessee. however, jim is trying to decide whether he wants to offer coke or pepsi soda products. he determines that, to offer either product, he will have to spend $1500 in sunk costs to purchase and install the appropriate paraphernalia. Ultimately, he chooses to offer coke products and agrees to pay coke 5 cents per ounce of coke sold for the right to use its product. After jim makes the investments specific to his soda choice, coke returns and asks for a fixed (One-time) fee in addition to 5 cents per ounce. What is the most jim should be willing to pay? explain(a) Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl- Hirschman index of 2,765. Case's share of that market was 22 percent, while Fiat comprised just 12 percent of the market. If approved, by how much would the postmerger Herfindahl-Hirschman index increase?For the table given below. Calculate TC, AFC, AVC and MC and show diagrammatically. L TFC (S) | TVC (S) 19.53 1 200 50 38.16 2 200 100 55.90 3 200 150 72.80 4 200 200 104.17 6 200 300 132.50 200 400 157.99 10 200 500 191.36 13 200 650 219.44 16 200 800 249.61 20 200 1000 277.32 25 200 1250 295.76 30 200 1500
- Forty thousand potential customersof a cable TV franchise are each willing to pay $11/month for HBO and $11/month for Cinemax. Twenty thousand potential customers are willing to pay $20/month for HBO and only $5/month for Cinemax. Assume costs are zero. If the franchise sells the two services in a bundle, it should charge1: $312: $253: $224: $205: $18With millions of passengers selecting air travel to reach their intended destinations, CaribbeanInternational Airlines has cornered the market by providing competitive fares, consistent customerservice and excellent returns for investors. The Chief Executive Officer has stated that thecompany wants to ensure that Caribbean nationals in the diaspora have easy and affordable accessto an airline with exceptional customer service. This airline caters to middle to high income earnerswho like to travel for adventure or relaxation. Priding itself as an affordable carrier with bargainfares, its mission is “Making air travel hassle free, reliable, economical and comfortable, we striveto transport our passengers safely to their chosen destinations.” The company has employees frommainly the Caribbean and North America who understand the needs and demands of their clientele.The company intends to expand travel services from various Caribbean destinations and Miami toother locations like New York,…A big data firm Statqo Analytics report shows that Gojek had experienced a 14 percent downturn during the pandemic. Therefore Gojek has a plan to provide special promotions for its customers. However, Gojek still needs to consider its competitor, Grab, before deciding. Based on Gojek’s board of directors calculation, if neither Gojek nor Grab offers discount pricing, a profit of US $2.5 million will be earned by Gojek, and US $2 million will be earned by Grab. However, if Gojek is the only one to offer a discount, it will earn US $5million, while Grab profits will fall to US$ 3 million. If Grab offers a discount and Gojek continues to charge the regular price, Grab profits will total US $3.5 million while Gojek monthly profits fall to US$1.5 million. Finally, if For both Gojek and Grab are to offer discount prices, thereby they will get a modest profit of US $4 million and US $2.5 million, respectively a. Develop a normal-form game of the situation by filling up the table bellow…
- AirAsia Berhad is the largest airline in Malaysia by fleet size and destinations. AirAsiaGroup operates scheduled domestic and international flights to more than 165 destinationsspanning 25 countries. AirAsia airlines always being known for its’ low-cost flight tickets,hence makes them as one of the most favor airlines among the Malaysians. Nonetheless, since the COVID-19 virus hits the world, AirAsia Berhad’s flight business has been seriouslyaffected and the share price of AirAsia Group Berhad fell as much as 11.23%. Assume the world has been recovered from the virus. AirAsia is planning to come outwith a brand new package to attract more customers to travel with their airlines so to boost their business and share price. Assume you are one of the employees working in AirAsia and your department are being informed to design a travelling package for both business travelers and vacationers. Your manager understands that both business travelers and vacationers have their own preference…Consider a remote town in which two restaurants, All-You-Can-Eat Café and GoodGrub Diner, operate in a duopoly. Both restaurants disregard health and safety regulations, but they continue to have customers because they are the only restaurants within 80 miles of town. Both restaurants know that if they clean up, they will attract more customers, but this also means that they will have to pay workers to do the cleaning. If neither restaurant cleans, each will earn $11,000; alternatively, if they both hire workers to clean, each will earn only $8,000. However, if one cleans and the other doesn't, more customers will choose the cleaner restaurant; the cleaner restaurant will make $16,000, and the other restaurant will make only $4,000. Complete the following payoff matrix using the previous information. (Note: All-You-Can-Eat Café and GoodGrub Diner are both profit-maximizing firms.) If All-You-Can-Eat Café and GoodGrub Diner decide to collude, the outcome of this game…A computer hardware firm sells both laptop computers and printers. Their pricing team determines that there are 3 types of customers with the following willingness to pay: Laptop Printer Customer Type A $800 $100 $900 Customer Type B $1,000 $50 $1050 Customer Type C $600 $150 $750 If the firm were to change only individual prices, what prices should it charge for its laptops and printers? Assume for simplicity that the firm has only 1 customer of each type and that incremental costs for laptops and printers = $0. How much profit does the firm earn? How much consumer surplus will there be?
- Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl-Hirschman index of 3,085. Case’s share of that market was 11 percent, while Fiat comprised just 7 percent of the market. If approved, by how much would the postmerger Herfindahl-Hirschman index increase?Consider a remote town in which two restaurants, All-You-Can-Eat Café and GoodGrub Diner, operate in a duopoly. Both restaurants disregard health and safety regulations, but they continue to have customers because they are the only restaurants within 80 miles of town. Both restaurants know that if they clean up, they will attract more customers, but this also means that they will have to pay workers to do the cleaning. If neither restaurant cleans, each will earn $13,000; alternatively, if they both hire workers to clean, each will earn only $10,000. However, if one cleans and the other doesn't, more customers will choose the cleaner restaurant; the cleaner restaurant will make $18,000, and the other restaurant will make only $6,000. Complete the following payoff matrix using the information just given. (Note: All-You-Can-Eat Café and GoodGrub Diner are both profit-maximizing firms.) GoodGrub Diner Cleans Up Doesn't Clean Up All-You-Can-Eat Café Cleans Up , ,…Consider a remote town in which two restaurants, All-You-Can-Eat Café and GoodGrub Diner, operate in a duopoly. Both restaurants disregard health and safety regulations, but they continue to have customers because they are the only restaurants within 80 miles of town. Both restaurants know that if they clean up, they will attract more customers, but this also means that they will have to pay workers to do the cleaning. If neither restaurant cleans, each will earn $14,000; alternatively, if they both hire workers to clean, each will earn only $11,000. However, if one cleans and the other doesn't, more customers will choose the cleaner restaurant; the cleaner restaurant will make $18,000, and the other restaurant will make only $6,000. Complete the following payoff matrix using the information just given. (Note: All-You-Can-Eat Café and GoodGrub Diner are both profit-maximizing firms.) GoodGrub Diner Cleans Up Doesn't Clean Up Cleans Up $4 2$ 24 2$ All-You-Can-Eat Café Doesn't Clean Up…