Business
Business, 18.12.2020 01:00, rgilliam3002

The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not? A
Yes, because both parties willingly entered the exchange and benefited from it.

B
Yes, because one party exchanged money with another party for a good or service.

C
No, because Jiro was not aware of the final cost before he agreed to the exchange.

D
No, because the plumber’s service was not equal in value to the money paid by Jiro.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 15:50, justin5163
Which result is a positive aspect of globalization?
Answers: 1
image
Business, 22.06.2019 11:40, antbanks3050
Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?
Answers: 1
image
Business, 22.06.2019 17:40, treestump090
Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above
Answers: 3
image
Business, 22.06.2019 23:10, wereallmadhere111
Amazon inc. does not currently pay a dividend. analysts expect amazon to commence paying annual dividends in three years. the first dividend is expected to be $2 per share. dividends are expected to grow from that point at an annual rate of 4% in perpetuity. investors expect a 12% return from the stock. what should the price of the stock be today?
Answers: 1
Do you know the correct answer?
The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He ca...

Questions in other subjects:

Konu
Mathematics, 01.03.2020 14:24
Konu
Chemistry, 01.03.2020 14:28
Konu
Chemistry, 01.03.2020 14:30
Konu
English, 01.03.2020 14:33
Konu
Chemistry, 01.03.2020 14:44