Consider data below

Engaged couple Marina and Mark were the winners of a reality TV show involving racing other couples around Australia. They decided to use some of the winnings on their wedding. They checked out a number of venues and finally decided on the Grand Ballroom at the Hotel Grand Inquisitor. Marina and Mark signed a 'wedding package' contract with the hotel, which provided for the following:

Hire of ballroom - $15,000

? Catering (excluding cake) - $9,000

? Wedding cake (two-tier) - $500

? Honeymoon suite (one night) - $400

? Total - $24,900

The wedding reception was a happy event. However, when it came to the time to reveal and cut the cake, Marina and Mark were shocked to learn that earlier in the day a hotel waitress had clumsily dropped the specially baked wedding cake, and because there was no time to make another, the two-tier cake provided by the hotel was in fact two sponge cakes purchased from the local cake shop. Despite their disappointment and at the urging of the guests, Marina and Mark went ahead with the cake cutting and the cake was eaten.

When the reception finally ended, Marina and Mark retired to the honeymoon suite. However, they soon discovered that the hotel was carrying out around-the-clock renovations to the nearby presidential suite to cater for an overseas dignitary who had decided to stay at the hotel. These renovations made the honeymoon suite vibrate, made incessant noise all night and led to dust entering the air-conditioning. Marina and Mark gave up on the room at 1:00 a.m. and went and checked into another hotel. On the way out of the hotel, Mark told the night manager that the night had been a disaster and that the hotel 'would not be getting a cent more out of us'. They also said they would be talking to their lawyer in the morning.

Advise Marina and Mark:

(a) Whether they were entitled to cancel the contract as they purported to do

(b) What damages (if any) they are entitled to recover from the hotel

(c) Whether they are able to recover the $5,000 advance that they paid the hotel.

Consider the position under common law contract principles only. DO NOT answer this question based on Statute Law (such as the Australian Consumer Law.

UNIT 5 - CHALLENGE 4: Geometric SCORE Sequences and College Algebra in Context -/9 X Question Tutorial 5 - Compound Interest LEARNING OBJECTIVE: Solve for account balance by using the compound interest formula. .OOD If $2,000 is invested at 11% annual interest compounded quarterly, what is the account balance after 10 years, assuming no additional deposits or withdrawals are made? (a.) $5,835.51 ( b.) $5,678.84 ( ) $5,919.75 ( d.) $5,978.30 Submit My Answer Anthony Varela Colleen Atakpu Sophia Tutorial Compound Interest Sophia Tutorial7-HEconomic models do all of the following except A) answer economic questions B) portray reality in all its minute details. " make economic ideas explicit and concrete for use by decision makers. D) simplify some aspect of economic life. .7 Which of the following is a macroeconomic question? A) What determines the growth rate of gross domestic product? B) How is the production quantity of snowboards determined? C) What factors determine the price of electronic cigarettes? D) What determines the salaries of Wall Street executives?1. What is the problem we face In economics? Use the PPC to illustrate. (5pts) 2. Define Labour Force, Labour Force Participation Rate. Unemployment, Employment, and show how each is calculated. (5pts) 3. Define price level and Inflation. How do we calculate price level and Inflation? what are the problems associated with such calculations? (5 pts) 4. Identify the different types of unemployment and comment on the concept of full employment. (5 pts) 5. Outline the differences and similarities between the different definitions of Income. (5 pts) 6. Derive the AD In from the AE In and explain the differences/similarities between the two. (10 pts) 7. Given Ca + byd, Yd why.I= io, G=Go. X =Xo,and MumY, derive and expression for equilibrium income and the multiplier, Is this the simple multiplier or the multiplier? (10 pe 5. How can we tell the difference between AD shock and an A5 shock? (Spts) 5. What is the difference between AD and AE? (10 pts] 10. Why is the AD in downward sloping? (5 pts]4.1.53 Question Help Use the compound interest formulas A = P 1 + nt and A = Pert to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $20,000 for 7 years at an interest rate of 4.5% if the money is a. compounded semiannually; b. compounded quarterly, c. compounded monthly, d. compounded continuously. MoreQUESTION 44 Fill in the blank(s) below. Possible options are given in the parentheses after each blank. Note that in order to get credits for this question, your answers must be completely correct. There is no partial credit so as to discourage you from simply guessing the answers. A cut in military spending and an expansion of an investment tax credit would definitely cause the (price, quantity) of loanable funds traded in the loanable funds market to (increase, decrease). QUESTION 45 Look at Figure 3.2 in Section 1.2. Suppose you know that, at a price of $4, the quantity supplied is 10 million pounds, and at a price of $7, the quantity supplied is 40 million pounds. What is the quantity supplied when price is at $5? Type your answer as a whole number. Round it if necessary. Leave out the unit of measurement: For example, if your answer is 17 million pounds, type it as 17, not 17,000,000