Which One of the Following Is an Offer as Opposed

question 39

Multiple Choice

Which one of the following is an offer as opposed to an "invitation to treat"?

• A) A notice posted on Kijiji "I'll pay $100 to whoever finds and returns my lost black lab puppy"
• B) A notice in an email "15% off the price of all tablets until January"
• C) A sweater displayed in the window of a shop with the price tag attached and showing
• D) A display of goods on the shelves of Safeway

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Definitions:

Consumer Equilibrium

The state where an individual allocates their income in a way that maximizes their utility, given the prices of goods and services.

Indifference Curves

Graphical representations in economics that show different bundles of goods between which a consumer is indifferent, meaning the consumer has no preference for one bundle over another.

Characteristics

describe the distinct features or qualities that help in identifying, defining, or classifying subjects, objects, or concepts.

Utility-Maximizing Rule

An economic principle that states individuals allocate their income in a way that maximizes their total utility, based on the marginal utility per unit of price for goods or services.