Economics - Mcost Essay - 713 Words

A retail dry cleaning store cleans two-piece suits for $12 each. Its patrons are individual walk-ins. There are several similar dry cleaners in the city and this firm offers no special services. The firm can clean up to 1,000 suits per week. It has fixed costs of $3,500 per week (amortization on its equipment, rent, taxes, and salaries) plus a cost of $4 per suit for chemicals, packaging materials, order processing, and incidentals. Volume per week has been fairly constant at 600 suits. A firm that operates three hotels in the city is asking the store to clean 150 two-piece staff uniforms per week at a price of $6.75 per suit. The process would be the same as the store uses on suits. Because there are several dry cleaning stores†¦show more content†¦Why or why not? The special job still should be accepted even if the hotel chain is only willing to pay $4.25 per uniform. As mentioned previously, the price at $4.25 is still greater than the Marginal Cost at $4.00 and therefore it is still profitable for the firm to continue and make the uniform. The increase in revenue would be $637.50 ($4.25*150), whereas the increase in costs would only be $600 ($400*150). Therefore, even though the $4.25 is far below the $12.00 market price and the average total cost of $8.67, it is still a profitable order. Calculation below: =$4.25 =$4.00 =$8.67 3. Suppose the hotel chain is willing to negotiate the price. When you enter the negotiations, what is the lowest price you are willing to accept (i.e., your reservation price)? (Of course, you will not announce this price to the other party.) Since this firm is in a perfectly competitive market, they must charge the same price in the industry to be competitive. Since they have excessive capacity of up to 400 suits above their normal sales, the incremental job allows them to negotiate a price anywhere revenue is greater than the variable cost per shirt. The lowest price that the dry cleaning service should accept is the point where the Market Price=Marginal Cost =Marginal Revenue, which is $4.00 per uniform. This is only the case because the dry cleaning service has the excess capacity and

The Debate Over Descriptive Essay Topics for High School Students

The Debate Over Descriptive Essay Topics for High School Students The Basic Facts of Descriptive Essay Topics for High School Students Once you get your completed essay, be sure to tell all your friends what an excellent service it is and what's the ideal place to purchase cheap essays. Imagine the standard of writing you'll receive from an inexpensive essay writing service. Therefore, here are a few basic strategies to assist you in writing of good descriptive essay. If you're tasked with writing a descriptive essay there are lots of things which you can write about. It might also be in the shape of admission essays. The last write-up needs to be concise with firm language. If you prefer simple descriptive essay examples from experts, you can get some samples here. If you would like more descriptive essay examples like the one added in the prior section, there are many easy methods to acquire high-quality samples of academic papers. Writing descriptive essay students need to be more personal and use their imagination to the complete extent. You're able to use narrative essay examples high school to find out more. Every student should know that writing isn't an effortless job, which explains why they will need to be especially cautious when writing a descriptive essay. Mouth, students within this vallombrosacheese. Selecting the accurate descriptive essay topics is the most essential portion of essay writing. A descriptive essay is an essay that's bound to deliver some type of detailed info on a particular subject. It is written to get the reader to understand by using a descriptive language. A fantastic descriptive essay comes out of a knowledgeable and imaginative mind. Choosing Good Descriptive Essay Topics for High School Students Anything under sunlight can be an excellent descriptive essay topic. If you would like to only relax and write about something nice and easy, here's a list of easy descriptive essay topics for people who need a while to lower stress. Because of this, you might want to think about a few topics before settling on the one which makes it possible for you to be more descriptive and entertaining. Attempt to use a few of these topics about extraordinary places. When you're writing a descriptive essay about places, you will need to supply the impressions of the author from going to the place. In addition, it provides the explanations for why the writer chose the topic. Otherwise, you can also throw a glance at a number of the essay books out there in the industry. Describe an audio genre you want. After you choose the topic which suits you most, remember the reason you write your essay, concentrate on the most significant details to tell about in your text and don't neglect the significance of senses and feelings in your essay. An animal which you are scared of 29. Provide a comprehensive description of all of the characteristics. Students have an affinity for these varieties of pieces since they're simple to approach, and you may have all the info that you need by looking around you. You may also personalize the topics. These topics are excessively boring and used. The ability to spell out something doesn't come easily for a great deal of individuals. This way you'd be able to earn the most out of your abilities. It is possible to even find someone whose writing skills you discover the greatest in this area and request their advice. Alternately, consider online tutoring for a method of equipping yourself with the correct skills about how to compose a great essay. Everybody has a favourite sport. A person which you have great respect for 4. An individual who has disappointed you 51. Describe a renowned person which you would love to meet. The Appeal of Descriptive Essay Topics for High School Students The ideal party that you've been to 78. Describe the most beautiful place that you've visited. The absolute most peaceful spot for you 84. Describe the very first year of college.

Australian Constrict Law Sole Trader

Question: Discuss about the Australian Constrict Law of Sole Trader. Answer: Assignment A Care Hire Business was carried on by Steve as a sole trader. The business was not run as a corporation. Issue Whether Tom can sue Steve for the damages sustained by him in the form of loses $ 5000 per day in profits? Law Since the relationship that existed amid Steve and Tom is commercial in nature thus the law under Competition and Consumer Act 2010 is applicable. Section 18 of the Act submits that when any person when is engaged in any trade or commerce activity then he must not undertake activities that are deceptive or misleading in nature or is likely to do the same. If any person is found to be contravention of section 18 of the Act then he is liable to pay remedies to the aggrieved party in the form of damages or termination of contract. The scope of section 18 of the Act is found in Google Inc v ACCC (2013). (Clark J 2016) In common law, if any person makes a misrepresentation (a statement of fact) and induces the other person to establish contract with him, then such contract is suffered by misrepresentation and the aggrieved party has right to terminate the contract and claim damages. (The Law HandBook 2016) Application Tom seeks information from Steve before making contract with him. He specifically submitted that he needs a truck which can carry 10 tons of cargo. Steve induces Tom by stating that the truck provided by him can carry 12 tons of cargo. He misrepresented Tom and his conduct was deceptive and misleading in nature. Thus, Tom has every right to sue Steve. Conclusion Tom can sue Steve for misrepresentation and deception and can terminate the contract and claim damages and the losses so sustained by him. Issue whether there exist a valid contract amid Pamela and Steve? Law A contract is an agreement which can be enforced by law only when it is made by the compilation of all ingredients, such as, offer, acceptance, consideration and intention. An offer is the intention of the offeror to an offeree which he expects to be confirmed by such an offeree and is called acceptance. Offer and acceptance makes an agreement. (Clark J 2016) An agreement must be supported by some benefit or gain which is exchanged amid the parties for the promises so fulfilled by them. This benefit is consideration in law. A consideration is valid only when it is made for the promises yet to be performed. There is no scope of past consideration in the contract law of Australia and is held in Roscorla v Thomas (1842). (Moles R 1998) Application Now, Pamela was performing the action of watering in the garden of Steve on her own will. There was nothing from Steve sides to compel Pamela to do the same. It was later that Steve promised Pamela that he will provide her with his act against the actions that were taken by her. But, the promise was made after the action was performed by Pamela. Thus, the consideration promised by Steve was past in nature. Conclusion Thus, Pamela cannot sue Steve and there is no contract amid the two as the consideration was past and is invalid in nature. Issues Whether Danny can sue Steve for breach of contract? Law In the law of contract, when all contract essentials are fulfilled by the offeror and the offeree then a valid contract exist amid the two. However, any valid contract can cease to exist under various situations, such as, by performance, by frustration, by agreement, by law, etc. (FindLaw 2016) One of the ground upon which a contract comes to an end is frustration. Frustration occurs when the contract ends because of some supervening event which is not in control of the parties Taylor v Caldwell(1863) (Clark J 2016). Some of the instances under which a contract is terminated on account of frustration are natural disaster, destruction of matter, war, death of the person, incapacity, etc. (Jaani 2016) Application A contract was made amid Danny and Steve wherein Steve has to provide a car to Dannay. However he was not aware while making the contract that the car was already destroyed. Thus, the subject matter of contract was not in existence when the contract was made and thus the contract was void on account of frustration. Conclusion Hence, Danny cannot sue Steve as the contract was already not valid and is terminated on the ground of frustration. Issues Whether Steve is bound by the contract made by him with Trisha? Law The two most important elements in the law of contract are offer and acceptance. An offer is the communication which is made by an offeror to an offeree under which he communicates his desires and expects an approval of the same (Gibson v Manchester City Council - CA (1978). When the offeree after understating the offer made to him accepts the same without any variations then such confirmation is called acceptance Brogden v Metropolitan Railway Co. (1877). In order to make a valid acceptance it is necessary that it must confirm the exact terms of the offer and must not bring any variation to the same. Also, an acceptance is only complete when it is communicated to an offeror (Powell v Lee (1908). (The Law Teacher 2016) However, when an acceptance is made to an offer which was never intended by an offeree then such kinds of acceptances are not valid as the same were never intended by the offeree and is held in R v Clarke(1927). Knowledge of offer is not sufficient to make a valid acceptance but the offer must intent to make an acceptance in order to make such an acceptance valid and legal in law. Application Now, Trisha has made an offer to Steve which was not accepted by him initially. Under mistake he sends his confirmation to the offer made by Trisha. But, the acceptance made by Steve was under mistake and he never intended to abide by the same. Thus, such acceptance has no valid in law and is suffered by mistake an dos thus not enforceable in law. Conclusion So Trisha cannot force Steve to bind by the contract. Reference list Brogden v Metropolitan Railway Co. (1877). Clark J, 2016, Australian Constrict Law, Retrieved on 12th August 2016 from https://www.australiancontractlaw.com/law/avoidance-misleading.html Clark J, 2016, Australian Constrict Law- formation, Retrieved on 12th August 2016 from https://www.australiancontractlaw.com/law/formation-agreement.html Clark J, 2016, termination-frustration, Retrieved on 12th August 2016 from https://www.australiancontractlaw.com/law/termination-frustration.html. Findlaw, 2016, how can contracts be discharged from further performance, Retrieved on 12th August 2016 from https://www.findlaw.com.au/articles/4551/how-can-contracts-be-discharged-from-further-perfo.aspx. (Gibson v Manchester City Council - CA (1978). Google Inc v ACCC (2013). Jaani, 2016, Termination by Frustration, Retrieved on 12th August 2016 from https://www.jaani.net/resources/law_notes/contracts/11_Termination_by_frustration.pdf Moles R, 1998, Consideration, Retrieved on 12th August 2016 from https://netk.net.au/Contract/04Consideration.asp. Powell v Lee (1908). Roscorla v Thomas (1842). R v Clarke(1927). Taylor v Caldwell(1863) The Law HandBook, 2016, Misrepresentation, Retrieved on 12th August 2016 from https://www.lawhandbook.sa.gov.au/ch10s02s10.php

Parental Estrangement Essays - Family, Parenting, Human Development

Parental Estrangement Estranged children The difference between an estranged child and an alienated child is that an estranged child has grown apart from the parent for reasons that are, to be blunt, reasonable, and realistic. An estranged child is either absolutely ambivalent about the other parent or enraged by the other parent. These feelings are, however, justified by the child's experience of the separation or by the child's experience of that parent. A parent who leaves the family home, enters a new relationship, and neglects time with their children and dismisses the harm done to their children is likely to become "estranged" from them. It is fair to say that no one responds positively to poor treatment, least of all children. Estrangement results from a parent behaving badly toward his/her children which, in return causes the children to cut off contact. It isn't uncommon for a parent who is estranged from his/her children to blame the other parent of parental alienation. It is easier to blame others for bad behaviour than to accept and acknowledge bad behaviour. When estrangement occurs, the justification is usually very understandable, troubling, and valid. The departing grown child often has been very badly psychologically emotionally damaged in the relationship. Here are some of the most common root problems why parental estrangement occurs. Divorce: Following a divorce, some children reject one parent, limit contact, or show extreme reluctance to be with the parent. Remarriage: Parent's remarriage may also cause tension. It can provoke or exacerbate unwarranted rejection. Lack of routine: If there is no routine or schedule in place the child may feel anxious, children need routines to help them feel safe. Personality Disorders: Many parents are difficult or overbearing, but some parents are too toxic to be around especially narcissist parents. They don't see their own behaviour as playing a role in the problem; they feel entitled to behave badly with no repercussions. Intolerance: children are going to make decisions that parents may not necessarily agree with. Parental estrangement occurs when parents fail to understand their children, never willing to look at situation from their children's point of view. Constant humiliation before others: Parents unaware/intentionally made their children to feel that s/he is good for nothing'; there is no regard for his/her dignity and sentiments. Priorities and Time. These are people who go weeks at a time without contacting their children because they are wrapped up in their career life. They don't understand why their children aren't waiting with arms wide open when they do find time to fit them into their schedule. Unresolved conflicts. Unhealthy conflict management create a basis for conflict to occur again. Recurring family arguments during significant holidays could deteriorate parents-child relationships leading to minimal contacts in the future. Witnessing violence committed by that parent against the other parent Being the victim of abuse from that parent The parent's persistently immature and self-centred behaviour The parent's unduly rigid and restrictive parenting style The parent's own psychological or psychiatric issues. Behaviours Common to an Estranged Parent: The parent who is estranged from a child due to his/her own bad treatment of the child has a "wait and see" attitude. They don't pursue a relationship with the child because in their mind the child is the one responsible for mending the relationship. The estranged parent will find it hard or impossible to view the situation from their child's perspective. They don't see their own behaviour as playing a role in the problem; they feel entitled to behave badly with no repercussions. These parents won't commit to a routine to see their child, they fit the child in when they have spare time rather fit their life around the child. These are people who go weeks at a time without contacting their children because they are wrapped up in a new relationship, focusing more on their career, spending time with the other man/woman or busy building a new life. They don't understand why their children aren't waiting with open arms when they do find time to fit them into their schedule. A checklist for parents when thinking about their estranged child: Have you asked your child what they honestly feel is the problem? Are you really listening to what my child is telling you? Is there a kernel of truth to any of what your child feels is wrong in your