-Refer to the Graphs Above to Answer This Question

question 40

Multiple Choice

-Refer to the graphs above to answer this question.Suppose that the price of nuts decreases from P₁ to P₂ and the demand curve for chocolates shifts to the right from D₁ to D₂.What is the effect to total revenue from the sale of both nuts and chocolates?

• A)Total revenue will not change since the cross-elasticity coefficient is not known.
• B)Total revenue from the sale of chocolates will rise but not the total revenue from nuts.
• C)Total revenue may rise or fall depending on the size of the price decrease of nuts.
• D)Total revenue from the sale of both nuts and chocolates will fall.
• E)Total revenue from the sale of both nuts and chocolates will rise.

Recognize the legal consequences of intoxication on contractual capacity and the voidability of contracts.

Understand role of good faith purchasers in the context of contracts voided by minors.

Recognize the applicability of the Uniform Commercial Code (UCC) towards contracts entered by minors.

Understand the conditions under which a minor may disaffirm a contract.

---

Definitions:

Pleasure

A feeling of happy satisfaction and enjoyment.

Flow

A completely involved, focused state, with diminished awareness of self and time; results from full engagement of our skills.

Assessment Tools

Instruments or techniques used to evaluate the abilities, skills, or performance of individuals.

Personnel Psychology

An I/O psychology subfield that helps with job seeking, and with employee recruitment, selection, placement, training, appraisal, and development.