Which of the Following Is NOT True

question 22

Multiple Choice

Which of the following is NOT true?

• A)The relationship of employer and employee is one of contract in which one party,the employer,enters into a contract with an independent party,the employee,to do a specified task.
• B)The relationship of employer and employee is one of contract.
• C)An employer is not liable for the torts committed by a person to whom an employee has delegated work without the consent of the employer.
• D)The distinction between an agent and employee is one of function only.
• E)An employer is not vicariously liable for all torts committed by his or her employees.

---

Definitions:

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from purchasing one more unit of a good or service.

Natural Logarithm

A mathematical function that calculates the time needed to reach a certain level of growth, based on the constant e (approx. 2.71828).

u(X,Y)

A utility function representing the satisfaction a consumer gets from consuming quantities of goods X and Y.

MRS

Marginal Rate of Substitution, an economic concept that describes the rate at which a consumer is willing to give up one good in exchange for another good while maintaining the same level of utility or satisfaction.