Quarter million dollar challenge

Assignment Help Business Economics

Reference no: EM131083427

Nutritional Sciences LLC sponsor the “Quarter Million Dollar Challenge,” a contest requiring contestants to use the company’s nutritional products and training plants to lose weight and get in shape during A 13-week period. A panel of judges would select a number of winners based on their success in the program. Contest rules stipulated that “all winners must agree to the regulation outlined specially for winners before claiming championship or money.” Next to this statement was an asterisk. The noted linked the asterisk reserved the right of nutritional Sciences to cancel the contest or alter its terms at any time. Donna Engler learned that she was chosen female runner-up in her age group, and she expected to receive the advertised prized of$1,500 cash and $500 worth of products. When she went to sing the agreement to claim her prize, she found that the company had changed the prize to $250, so she refuses to sign and sued for breach of contract. The trial court initially dismissed her case, and she appealed. How do you think the court of appeals decided the case and why?

Reference no: EM131083427

Questions Cloud

Average fixed costs if the cereal maker captured : A firm contemplating entering the market would need to invest $100 million to build a minimum efficient scale production plant. Such a plant could produce about 100 million pounds of cereal per year. What would be the average fixed costs of this plan..

Find the steady state values of per worker capital-output : In a Solow-type economy, total national saving, St, is St = sYt - hKt. The extra term, -hKt, reflects the idea that when wealth (as measured by the capital stock) is higher, saving is lower. (Wealthier people have less need to save for the future.) F..

Estimate the increased level equilibrium aggregate output : Using the value of MPC = 0.75, and knowing the difference between the values of expenditure multiplier and the tax multiplier), Estimate the increased level equilibrium aggregate output (RGDP) with a total tax rebate (reduction) $400 billion.

The council of economic advisors : Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 5.5% is not great. They would like to increase real aggregate output (RGD..

Quarter million dollar challenge : Nutritional Sciences LLC sponsor the “Quarter Million Dollar Challenge,” a contest requiring contestants to use the company’s nutritional products and training plants to lose weight and get in shape during A 13-week period. A panel of judges would se..

Illustrating long-run aggregate supply curve : Draw a correctly labeled graph illustrating a long-run aggregate supply curve. Illustrate an increase in long-run aggregate supply.What could have caused the change you illustrated in part A?

Think of some of your favorite brands : Think of some of your favorite brands. Do you know where they come from? Where and how are they made or provided? Do you think knowing these answers would affect your perceptions of quality or satisfaction? could they make?

Firms in monopolistic competition and firms in oligopoly : Explain what is the difference between firms in monopolistic competition and firms in oligopoly. What does this difference mean for prices and quantities and for economic profit?

Price elasticity of demand for two customer segments : Kashian Motors has determined that the price elasticity of demand for two customer segments (A Luxury Car and a Premium Car) is -1.35 and -1.55. Based on their expectations of profitability, Kashian realizes the price of a Luxury Car should be $51,50..

User Account

All Pages