The High-End Electronic Store is located in a poor neighborhood. Sam Shyster is the sales manager at High-End Electronic. He puts a sign in the window reading, "New state of the art LED Television - only $19." Frankie Stein, a dropout who has a fourth-grade level education, sees the sign and comes in and wants to buy one. Frankie asks, "Is it really $19?" Sam says, "Yeah, take a look at this contract. See? $19!" What Sam doesn't point out is that it's $19 a month for 10 years, chargeable to a credit card. This is in small print buried toward the bottom of a 10-page contract. Sam tells Frankie to sign and he does, although he has difficulty understanding the contract at all. Decide the outcome and who prevails.

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.

White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?