Vogel bought a phone made by WiFi Communications Inc. Three months later, after re-charging the battery through a power jack, Vogel
picked up the phone only to have it ignite in his hand. Suffering a severe
burn, Vogel files suit against WiFi alleging that a design defect in the
phone weakened the connection between the power jack and the
motherboard, causing the wiring to overheat and creating an
unreasonable safety hazard

Partnerships are the most common type of business firms in the world. t/f

Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.