Examlex
Manisha could work for another firm making $10,000 per month, but she decides to open her own gourmet cheese store and pay herself $2,000 per month. In her first month of operations, she spends $6,000 on cheese, $1,000 on other items, and $2,500 on rent. She had a great opening month and brought in revenues of $14,500. According to her accountant, what are Manisha's profits?
Discharging
The process of fulfilling or settling a debt, obligation, or legal liability, effectively freeing one from the responsibility.
Judgment
A decision of the court.
Conditions Precedent
Contractual stipulations that must be met before a contract becomes effective or before an obligation must be fulfilled.
Frustrated Contract
A contract that, through no fault of either party, is rendered incapable of being performed due to an unforeseen event, leading to the contract being void and freeing all parties from their obligations.
Q5: If the inverse demand curve a monopoly
Q9: A monopoly can be formed by a
Q39: A profit-maximizing monopolist will never operate in
Q39: The above table shows the short-run production
Q45: A firm engaging in efficient production, using
Q50: Two-sided markets<br>A)have twice as many users as
Q52: If firms in a competitive market are
Q56: Which of the following will cause the
Q72: Explain why the equilibrium price is called
Q127: Government actions can cause a<br>A)shift in the