margo has found her dream house. it’s listed at $370,000, and she plans to offer $365,000. she has a letter from her lender stating that she’s been pre-approved for a maximum $375,000 loan. why should she ask her lender to re-write the pre-approval letter? unset starred question
Answers
By providing the letter with her maximum loan amount Margot risks reducing her negotiating ability
This is further explained below.
What is a pre-approval letter?Generally, A letter from a lender that states that the lender is willing to lend to you in the event of prequalification or preapproval is a document that states the lender is willing to lend to you up to a particular loan amount.
This is not a guaranteed loan offer, and the document that you are looking at is based on certain assumptions.
In conclusion, Margot runs the risk of decreasing her capacity to negotiate by diminishing her leverage by submitting the letter with the maximum loan amount.
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Related Questions
____ involves getting the needed personnel assigned to and working on the project.
Answers
Acquiring the project team involves getting the needed personnel assigned to and working on the project.
How do acquire a project team?The method of acquiring a project group is an activity that lets selecting and approving human resource availability according to the list of required skills and benchmarks for choosing human resources to get the team required to complete project work.
A project manager exists a person who contains the authority to manage the recruiting process and decide on team members. While choosing and selecting team associates, the following acquiring project team measures should be considered: Required level of experience in suitable projects and activities.
Therefore, the correct answer is option c. Acquiring the project team.
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The complete question is:
____ involves getting the needed personnel assigned to and working on the project.
a. Developing the human resource plan
b. Developing the project team
c. Acquiring the project team
d. Managing the project team
if the equilibrium price is $0.85, what is the firm's profit? a. 40 b. 30 c. 50 d. 45
Answers
Without additional information, it is impossible to determine the firm's profit based solely on the equilibrium price of $0.85.
Can the firm's profit be determined based solely on the information that the equilibrium price is $0.85?The equilibrium price represents the price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.
At this price, there is neither excess demand nor excess supply in the market.
To determine the firm's profit, we need to know the firm's cost structure and revenue.
The revenue would be determined by the quantity of goods sold at the equilibrium price, and the cost would be determined by the firm's cost structure.
The profit would be the difference between the revenue and the cost.
Therefore, we would need additional information such as the firm's cost structure, quantity of goods sold, and revenue per unit to determine the firm's profit.
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Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answers
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
Colina Production Company uses a standard costing system. The following information pertains to the current year. Direct labor hours is the driver used to assign overhead costs to products.
Answers
In a standard costing system, Colina Production Company assigns overhead costs to products based on direct labor hours.
This means that the amount of overhead allocated to a product is determined by the number of direct labor hours it requires. Standard costing system: Colina Production Company uses a standard costing system, which means that they have predetermined standard costs for their products. These standard costs are used as a benchmark for evaluating actual costs and performance.
Overhead costs: Overhead costs are indirect costs incurred by the company that cannot be directly traced to specific products or activities. Examples of overhead costs include rent, utilities, and factory maintenance.Direct labor hours: Direct labor hours refer to the amount of time that workers spend directly working on a product. It is a measure of the labor input required to produce a product.
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how do you finance hotel stays and what's the the growth schedule?
Answers
Answer:
I finance hotel stays through savings.
Explanation:
Every person has different sources of income. It is dependent on the person how he uses his income. If he saves some amount of money he can spend that money on the vacations. This is great source of getting relaxed and the person will feel refreshed again. The hotel stays can be funded through savings and other incomes.
Find a news report of a liability claim that one person (or entity) has made against another this year.
What is the url link to the report?
Describe the situation in your own words.
What type of liability does this fall under? Explain.
Would any of the defenses that we discussed in this unit be applicable to this situation? If so, which ones, if not, explain why.
Answers
Example situation:
In a recent news report, Person A has filed a liability claim against Company B for injuries sustained in a car accident. The accident occurred when a Company B delivery vehicle collided with Person A's car at an intersection. Person A claims that the accident was due to the negligence of the Company B driver, resulting in physical injuries and property damage.
Type of liability:
This situation falls under the category of "tort liability." Tort liability refers to a civil wrong or injury caused by one party to another, resulting in legal liability for the responsible party.
Applicability of defenses:
The applicability of defenses in this situation would depend on the specific circumstances, jurisdiction, and applicable laws. Here are a few defenses commonly used in liability claims:
1. Contributory negligence: If Person A is found to have contributed to the accident through their own negligence, it may impact their ability to recover damages or reduce the amount they can claim.
2. Comparative negligence: Some jurisdictions follow the principle of comparative negligence, which means that both parties' negligence is considered, and the damages awarded are proportionally reduced based on each party's degree of fault.
3. Assumption of risk: If Person A voluntarily assumed a known risk associated with the situation, such as engaging in a dangerous activity, Company B might argue that Person A knowingly accepted the risk and therefore cannot hold them fully liable.
4. Statute of limitations: If the claim was filed beyond the statute of limitations specified by the relevant laws, Company B may argue that the claim is time-barred and should be dismissed.
It's important to note that the specific application of defenses would depend on the jurisdiction and the facts of the case. Consulting a legal professional would be necessary to determine the applicable defenses in a real-life scenario.
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.If higher United States interest rates cause foreign demand for the dollar to increase, which of the following will occur to the international value of the dollar and to United States exports?
International ValueOf the Dollar Exports
A. Increase Increase
B. Increase Decrease
C. Increase No change
D. Decrease Increase
E. Decrease Decrease
Answers
If higher United States interest rates cause foreign demand for the dollar to increase, it is likely that both the international value of the dollar and Dollar exports will increase. The correct option is A.
When the United States raises interest rates, it attracts foreign investors seeking higher returns on their investments. This increased demand for the dollar causes the international value of the dollar to rise. As the dollar becomes stronger, it becomes less expensive for other countries to import goods from the United States. This makes American exports more competitive on the global market, which can lead to an increase in Dollar exports.
However, it's important to note that this relationship between interest rates, the value of the dollar, and Dollar exports is not always straightforward. Other factors, such as economic growth and geopolitical tensions, can also impact the demand for the dollar and the competitiveness of American exports.
In addition, a stronger dollar can also make it more difficult for American companies to compete with foreign firms that are able to offer lower prices due to weaker currencies. Nonetheless, it's generally expected that higher interest rates will lead to an increase in foreign demand for the dollar, which should result in a stronger international value of the dollar and an increase in Dollar exports.
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Which of the following best describes a business cycle? The cyclical movement in interest rates. Regular growth rate of consumer spending. Regular fluctuations of prices. Periods of increasing and decreasing real GDP
Answers
The best description of a business cycle is "periods of increasing and decreasing real GDP.
"Business cycles are a regular pattern of ups and downs in economic activity characterized by fluctuations in the level of economic growth, inflation, and unemployment over time.
The economy expands during the expansionary phase of the cycle, leading to low unemployment, while the recessionary phase leads to declining economic activity, high unemployment, and declining prices.
The business cycle is therefore characterized by alternating periods of increasing and decreasing real GDP in the economy.
Business cycles are typically measured in terms of the length of time between recessions and expansions. The length of a business cycle can vary from a few months to several years, and it is difficult to predict when a recession will occur or how long it will last.
Economists study business cycles to better understand the drivers of economic growth and to help policymakers make better decisions about monetary and fiscal policy.
A business cycle reflects the natural tendency of the economy to move between periods of growth and contraction. Therefore, we can say that the best description of a business cycle is "periods of increasing and decreasing real GDP."
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goods taken by the proprietor for domestic purpose of Rs.15000
Journal entries
plz help me
Answers
Explanation:
Given:
Amount of goods taken by proprietor = Rs. 15,000
Find:
Journal entry
Computation:
Books of (.... ltd)
Journal entry
Particular Debit Credit
Drawing A/c Dr 15,000
To Purchase A/c Cr 15,000
(Being goods taken by proprietor for personal use)
to make sure people think about your brand in decision-making moments, what marketing objective should you use for your video campaign?
Answers
marketing goal should you choose for your video campaign Organizations need a video marketing plan to ensure that people think about their brand at decision-making times.
What exactly do we mean by decision-making?Making decisions involves identifying a course of action, acquiring data, and weighing potential answers. By gathering pertinent data and outlining options, a walk decision-making process can assist you in making more careful, considered decisions.
Why is making decisions crucial?Making decisions is crucial to achieving the corporate goals and objectives within the allotted time and money. It looks for the best option, makes good use of the available resources, and is well-liked by the workers. As a result, it is possible to accomplish organization goals or objectives in accordance with the desired outcome.
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Write the names of sender and receiver of quotation letter in foreign trade.
Answers
Answer:
Wydm
Explanation:
Find an article dealing with an opinion poll on a local, state ,or national issue. Write a paragraph summary of when and how the poll was conducted, and what the results indicated.
Answers
According to a CNN poll conducted in early February 2021, 69% of Americans approve of President Joe Biden's handling of the COVID-19 pandemic. The poll was conducted by SSRS, a research firm that specializes in survey research. The poll surveyed 1,004 adults across the United States and had a margin of error of plus or minus 3.7 percentage points. The poll also found that 60% of Americans believe that the worst of the pandemic is yet to come, despite the country's recent progress in vaccine distribution. Additionally, 93% of respondents said they have worn a mask in public in the past week, a sharp increase from similar polls conducted last year. The poll's results indicate that the majority of Americans are supportive of the current administration's efforts to combat the ongoing pandemic
Maxwell Agricultural Inc. is a farm implement manufacturing company. It distributes shares of stock to its employees by placing the stock in a trust managed on the employees' behalf. What is Maxwell Agricultural using in this scenario
Answers
When the agricultural company distributes its shares of stock to its employees, the scenario is known as Employee Stock Ownership Plan.
Employee Stock Ownership Plan is an example of benefit plan for the employee because the company gives its employees ownership interest in the company.
The action for the Employee Stock Ownership Plan is to motivates, retain and rewarding its employeesIn conclusion, when company distributes its shares of stock to its employees, the scenario is known as Employee Stock Ownership Plan.
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Will we ever live in a world without scarcity? Explain.
Answers
Answer:
No, as some items are limited and its supply may not be able to meet the demand
Explanation:
e.g. water
there is limited water on earth and recycling water takes time and money
some places may experience drought, increasing demand of water more than what is available
water is then considered scarce in that area, at that point in time
Answer:
Maybe and no.
Explanation:
To answer this question, one must first understand and define scarcity. In one's definition, scarcity is the limited access to a needed supply or the inability to obtain a needed supply.
Following this definition, we can apply this to disparity found throughout the world. The two types of scarcity that are faced daily are natural scarcity and artificial scarcity. Natural scarcity is simply the lack of the necessary resources needed to provide a certain supply, think gold. Artificial scarcity is simply the control of a resource that isn't readily available to the masses although it could be easily, think drinking water.
As there are a finite amount of resources on the planet, the answer to the question "Will we ever live in a world without natural scarcity?" would be no since we can only harvest resources so quickly, and eventually, the resources will be depleted. The only way to solve this long term, it to find resources from other terrestrial bodies, such as asteroids. In the short term, this could be solved by increasing production, but that could lead to other potential problems.
As there will always be the unaccountable "human factor", the answer to the question "Will we ever live in a world without artificial scarcity?" would be maybe. As humans don't place the same value on things or each other, it's impossible to say if we as a species will ever eliminate artificial scarcity. An assumed large portion of artificial scarcity comes from human greed or indifference, since we as a species have the means to help one another, but for some reason or another choose not to.
One could hope that in the future, artificial scarcity will be eliminated, and an alternative resource stream can be found to extend the inevitable natural scarcity.
Hope this helps.
Cheers.
what is the major difference in approach of the international financial reporting standards (ifrs) and the u.s.? generally accepted accounting principles, gaap?
Answers
The primary difference between IFRS and GAAP is the way in which they recognize and measure financial performance. Generally, IFRS is more principles-based, while GAAP is more rules-based.
IFRS allows companies to exercise more judgment and make subjective estimates, while GAAP requires companies to follow predetermined rules and make objective estimates.
This means that IFRS can be more flexible in its application, while GAAP is more rigid, making it easier to compare financial performance across companies.
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You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answers
Answer:
D.what type of financial aid you are seeking
If an error is found when posting to the ledger, how would it be corrected?
Answers
Most time, when an error is found when posting to the ledger, it would be corrected by reversing the incorrect entry and use a second journal entry to record the transaction correctly,
What is a ledger error?In a ledger, the error can be called a wrong posting may be in the forms of posting a wrong amount to a ledger account or posting to the wrong side of an account or double posting.
All these type of errors affect mostly only one side of ledger accounts and they are mostly revealed by the trial balance through disagreement of debit and credit totals.
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A company sells its products for $80 per unit and has per-unit variable costs of $30 so the contribution margin per unit per unit is $50.
Answers
Answer:
the contribution margin per unit is $50
Explanation:
The computation of the contribution margin per unit is shown below:
Given that
The Selling price per unit is $80
And, the per unit variable cost is $30
Based on the above information
the contribution margin per unit is
= Selling price per unit - variable cost per unit
= $80 - $30
= $50
hence, the contribution margin per unit is $50
A consulting firm that surveyed consumers' holiday shopping behavior found that the percentage of concumers from the U.S. Canada, and China whio said that they planned to spend more on holiday shopping were 403,34% and 73%, respectively. The survey also found that the percentage of consumers from the U.S. Canada, and China who said that they were willing to share personal information with retalers in order to receive personalized offers from retailers were 55%,46% and 72 s. respectively. Suppose you randomily select 5 consumers trom each of the three countries. The probabilty that less than 4 consumees from China are willing to share personal intormation with retallers in order to receive personalized offers from retailers is Show 4 sigrificant digits in the answer:
Answers
The probability that less than 4 consumers from China are willing to share personal information with retailers in order to receive personalized offers is 0.5123.
What is the probability that exactly 4 consumers from China are willing to share personal information with retailers?To calculate the probability, we can use the binomial distribution formula. Let's denote the event of a consumer from China being willing to share personal information as a success (S), and the event of a consumer not willing to share as a failure (F).
The probability of a consumer from China being willing to share personal information is 0.72, and the probability of not being willing to share is 1 - 0.72 = 0.28. We want to find the probability of exactly 4 successes (consumers willing to share) out of 5 trials.
Using the binomial distribution formula, the probability can be calculated as:
P(X = 4) = (5 choose 4) * (0.72^4) * (0.28^1) = 5 * 0.72^4 * 0.28^1 ≈ 0.4108
Therefore, the probability that exactly 4 consumers from China are willing to share personal information with retailers is approximately 0.4108.
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Which of the following investment plans involves the greatest amount of risk?
A. Investing in bonds
B. Investing in individual stocks
C. Putting money in a money market account
D. Investing in mutual funds
Answers
The investment plans involve the greatest amount of risk in Investing in individual stocks. Thus the correct option is B.
What is a Risk?Risk is defined as the potential that something negative may occur or any uncertainty that will disturb or harm a person's well-being or asset in terms of physical damage or financial loss.
The risk posed by a specific business is A single firm may fail, have an environmental disaster, become engaged in a controversy, or even just lose investor confidence which affects the investment.
Diversification is more challenging to implement with individual stocks. For proper exposure, you need to possess somewhere between 20 and 100 companies, depending on the research you're examining at.
Therefore, option B is appropriate.
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Answer: Investing in individual stocks
Explanation: Just took the test
You are considering buying a $500,000 property with a loan to value of 80%. A mortgage company was quoting you a rate of 3.5% for a fully amortizing 30 year loan with 2 points paid up front (to be taken out of the loan proceeds). Assuming you planned to stay in the property for the full term of the loan, what would be your effective annual percentage rate (APR) on this loan?
a. 3.93%
b. 4.67%
c. 3.66%
d. 0.305%
Answers
Assuming that you are planning to stay in the property for the full term of the loan, what would be your effective annual percentage rate (APR) on this loan that you are considering buying with a loan.
To value of 80% and the mortgage company was quoting you a rate of 3.5% for a fully amortizing 30-year loan with 2 points paid upfront?The formula to calculate the effective annual percentage rate (APR) is given by:
EAR = [1 + (AP / n)]ⁿ - 1WhereAP = Annual percentage rate;
EAR = Effective annual percentage rate; n = Number of compounding periods in a year
Here,AP = 3.5% and the number of compounding periods is 12 since the payments are made monthly. So, the effective annual percentage rate (EAR) can be calculated as follows:
EAR = [1 + (AP / n)]ⁿ - 1EAR = [1 + (0.035 / 12)]¹² - 1EAR = 0.0366 or 3.66%
Hence, the option (c) 3.66% is the correct answer.
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Which source of financial information is a compilation of 260,000 financial statements of banking customers with ratios and benchmarks
Answers
The source of financial information which is a compilation of 260,000 financial statements of banking customers with ratios and benchmarks is the RMA (Risk Management Association) Annual Statement Studies.
RMA (Risk Management Association) Annual Statement Studies is an eStatement Studies service that allows users to access reliable benchmarking data that is crucial to the success of their financial analysis. The data is arranged by NAICS codes, which allows easy access to precise data points.RMA (Risk Management Association) Annual Statement Studies is a reliable benchmarking tool that provides precise financial ratios from a reliable source. It contains 260,000+ financial statements from several industries, including manufacturing, retail, wholesale distribution, construction, real estate, and service industries, among others. The data contained in the eStatement Studies service is reviewed and verified by industry experts who adhere to stringent quality standards.
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Have you seen Zack Snyder's Justice League on HBO Max?
Answers
Answer:
YES!
Explanation:
IT WAS AMAZING I WANT MORE DC FILMS LIKE THAG I DON'T CARE IF ITS ON HBO MAX I WANT MORE
Considering the impact of inflation, why is investing important?
Answers
Answer: An economic concept, the rate of inflation is important as it represents the rate at which the real value of an investment is eroded and the loss in spending or purchasing power over time. Inflation also tells investors exactly how much of a return (in percentage terms) their investments need to make for them to maintain their standard of living.
Explanation:
In an oral agreement, Chris offers to sell Marcy his car for $13,000, but Marcy is confused and thinks Chris said $15,000.
As they continue their negotiations, Chris becomes aware that Marcy thinks he said $15,000 instead of $13,000, and
when Marcy agrees to pay the additional $2,000, Chris doesn't say anything. Is the contract going to be upheld? True false
Answers
Answer: The answer is no.
a budget that forecasts income and expenses for 5 years is which type of budget?
Answers
A budget that forecasts income and expenses for 5 years is called a long-term budget.
A long-term budget is a financial plan that extends beyond the typical one-year period. It provides a projection of income and expenses over an extended period, typically 3 to 5 years. This type of budget is often used by businesses and organizations for strategic planning and decision-making purposes.
It allows them to forecast and allocate resources for future growth, expansion, and investment. A long-term budget takes into account various factors such as expected revenue streams, anticipated expenses, market trends, and growth projections. It provides a comprehensive overview of the financial outlook and helps in setting long-term goals and objectives.
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the area of appraisal that most commonly utilizes both norm-reference and criterion-referenced instruments is:
Answers
The area of appraisal that most commonly utilizes both norm-reference and criterion-referenced instruments is educational assessment.
Norm-referenced test are used to compare a student’s test performance to the performance of other students who have taken the same test. These results can then be used for educational decision making regarding grade placement, course selection, and eligibility for certain services or programs.
Criterion-referenced tests compare each student's performance against a predetermined level of achievement. This type of assessment is often used to track academic growth as well as document mastery of specific skills and competencies.
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What would you do if your friend is failing the class?
Answers
Answer:
Help them study and help them write an email to the teacher to ssee if there was anything they can do to raise their grade
Explanation:
Answer:
Help them with there work so they can get better grades.
Explanation:
You are a nice friend.
Which component of aggregate demand would be most strongly affected by an increase in interest rates
Answers
The component of aggregate demand that would be most strongly affected by an increase in interest rates is investment. When interest rates increase, borrowing becomes more expensive, which in turn reduces the incentive for businesses to invest in capital projects.
Higher interest rates increase the cost of borrowing, making it more difficult for companies to finance new projects or expansions. This leads to a reduction in investment spending, which has a significant impact on the overall level of aggregate demand in the economy. In addition to the direct impact on investment spending, higher interest rates can also affect consumer spending, which is another important component of aggregate demand. Higher interest rates can lead to higher borrowing costs for consumers, reducing their disposable income and limiting their ability to spend. This can also result in a decrease in demand for goods and services, which can further reduce aggregate demand. Overall, the impact of interest rates on aggregate demand is complex and multifaceted. However, it is clear that changes in interest rates can have a significant impact on investment and consumer spending, which are two of the most important components of aggregate demand.
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A transaction will only happen if and only if the price is between:
The buyer’s value and the buyer’s outside option
The buyer’s value and the seller’s outside option
The buyer’s value and the seller’s cost of production
The buyer’s outside option and the seller’s outside option
The buyer’s outside option and the seller’s cost of production
Answers
A transaction will only happen if and only if the price is between the buyer's value and the seller's outside option.
Let's break down the options to understand why this is the correct answer:
- Option 1: The buyer's value and the buyer's outside option. This option doesn't make sense because the buyer's outside option is not directly related to the transaction. The buyer's outside option refers to an alternative choice the buyer has if the transaction doesn't occur, and it is not directly involved in determining the price of the transaction.
- Option 2: The buyer's value and the seller's outside option. This is the correct answer. The buyer's value represents the maximum amount the buyer is willing to pay for the item or service. The seller's outside option refers to an alternative choice the seller has if the transaction doesn't occur. For a transaction to happen, the price needs to fall between the buyer's value and the seller's outside option. This ensures that both the buyer and seller find the transaction mutually beneficial.
- Option 3: The buyer's value and the seller's cost of production. This option doesn't capture the buyer's perspective accurately. The buyer's value is the maximum price the buyer is willing to pay, whereas the seller's cost of production is the cost incurred by the seller to produce the item or service. The transaction price is determined by the buyer's value, not the seller's cost of production.
- Option 4: The buyer's outside option and the seller's outside option. The buyer's outside option is not directly involved in determining the price of the transaction. It refers to an alternative choice the buyer has if the transaction doesn't occur. The seller's outside option also refers to an alternative choice the seller has if the transaction doesn't occur. However, the price of the transaction is determined by the buyer's value and the seller's outside option, not the outside options of both parties.
- Option 5: The buyer's outside option and the seller's cost of production. The buyer's outside option is not directly involved in determining the price of the transaction. The seller's cost of production refers to the cost incurred by the seller to produce the item or service. The transaction price is determined by the buyer's value, not the seller's cost of production.
Therefore, the correct answer is: The transaction will only happen if and only if the price is between the buyer's value and the seller's outside option.
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