With an Increase in Income,we Can Predict That a Consumer

question 45

Multiple Choice

With an increase in income,we can predict that a consumer will choose a new market basket

• A) on a lower indifference curve.
• B) on the same indifference curve but the new budget line.
• C) on a higher indifference curve that passes through the new budget line.
• D) on a higher indifference curve that is tangent to the new budget line

Recognize the implications of undisclosed, partially disclosed, and disclosed principals in contractual agreements.

Distinguish between actual, implied, and apparent authority in the context of agency law.

Identify the legal consequences for agents acting outside the scope of their authority.

Analyze the tort liability of principals for the acts of their agents, including negligence, respondeat superior, and unauthorized acts.

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Abstract Rendering

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