When agents make advances from their own funds in conducting the principal's business, the principal:

a. has a duty to reimburse the agent for expenses incurred for the principal.
b. has a duty to reimburse the agent even if the agent is not acting within the scope of his/her authority.
c. has no duty to reimburse the agent because the agent commingled fungible goods.
d. has no duty to reimburse the agent because the agent has assumed the burden.

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?