In General,if the Marginal Utility of the Last Unit of a Good

question 145

Multiple Choice

In general,if the marginal utility of the last unit of a good is X,then the marginal utility of the next-to-last unit is likely to be

• A) less than X.
• B) equal to X.
• C) equal to (X/(n-1)).
• D) greater than X.
• E) impossible to gauge without numbers.

Comprehend the importance of material facts in relation to establishing fraud in the inducement.

Explore the concept of economic duress and its implications in contract law.

Analyze the role of scienter in establishing fraud in the inducement.

Understand the conditions under which silence or non-disclosure constitutes misrepresentation.

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