(Answered) Suppose you own a bicycle but havent found the time to ride

Management Studies

Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $42 to you. One of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $93.

How much total value was created from this trade?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M93127983
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

How can a organisation move forward in the community to be

How can a organisation move forward in the community to be a leader in diversity. Discuss: - How you'll develop work plans to incorporate diverse workforce members into the plan. - Why you would make changes to work plan ...

Considering the various components of strategy as they

Considering the various components of strategy as they relate to career development, who are career development strategic managers?

The usnbspgovernment like many governments throughout

The U.S.? government, like many governments throughout the? world, bailed out large financial institutions that were thought to be?"too big to? fail" during the 2008 financial crisis. Suppose a bank has the opportunity t ...

Pure gasoline has an energy density of 115600 btu per

Pure gasoline has an energy density of 115,600 BTU per gallon, while ethanol has an energy density of 75,670 BTU per gallon. Gasoline cost $3.70 per gallon. What would the price of E85 (85% ethanol, 15% gasoline) have to ...

The evolutionary process is one important perspective of

The evolutionary process is one important perspective of strategic management. What is evolutionary process?

How can the bangladesh unclean water and sanitation problem

How can the Bangladesh unclean water and sanitation problem be combated?

How would you assign a primary key in a table also explain

How would you assign a Primary key in a table? Also, explain for each type of connectivity (1:1, 1:M and M:N), how would you assign a Foreign key?

I am having a hard time trying to understand as well as

I am having a hard time trying to understand as well as explain aggregated supply and aggregated demand while implementing it through governmental policies effecting the economy of countries.

Briefly describe a how personality develops over time b the

Briefly describe: (a) how personality develops over time, (b) the degree to which it becomes stable and when, and (c) general shifts that occur for most people moving into adulthood.

Hey can someone give me super detailed answer as to why

Hey can someone give me super detailed answer as to why neoclassical economic theory could not have emerged prior to 1860s? Like I get that neoclassical economy focuses more heavily on mathematical part of economy but wh ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert