Grace williams purchased plates and cups from china wholesalers for sale to retail customers at her store. grace and china had little paperwork, just the invoices from the shipments. otherwise, they operated by phone and shipments in response to the phone call requests. grace's orders range from $2000-$10,000. china decided to clean up its internal controls and documentation and asked grace to sign a form agreement. grace is not sure that she wants to sign a contract. which of the following is correct, given grace's circumstances? o there need not be a written contract because the parties have a longstanding relationship. o if china simply confirms each order from grace, there is sufficient record of a contract. o there must be a written contract for any part of this relationship to be enforceable. o pattern or practice is sufficient writing to establish a contract.

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i. e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i. e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process. b)consumers have the right to clean air; consumers are dominant in the bargaining process. c)firm has the right to pollute; firm is dominant in the bargaining process. d)firm has the right to pollute; consumers are dominant in the bargaining proces

Which of the following would be an accurate statement about achieving a balanced budget

Afirm plans to begin production of a new small appliance. the manager must decide whether to purchase the motors for the appliance from a vendor at $10 each or to produce them in-house. either of two processes could be used for in-house production; process a would have an annual fixed cost of $200,000 and a variable cost of $7 per unit, and process b would have an annual fixed cost of $175,000 and a variable cost of $8 per unit. determine the range of annual volume for which each of the alternatives would be best. (round your first answer to the nearest whole number. include the indifference value itself in this answer.)