Refer to the Following Figure

question 82

Multiple Choice

Refer to the following figure:

These are the cost curves for a perfectly competitive firm.
-The firm will break even if price is:

• A) $2
• B) $3.80
• C) $5
• D) $6

---

Definitions:

Original Mortgagor

is the initial borrower who takes out a mortgage loan secured by the property being mortgaged.

Hypothec

A legal term primarily used in civil law jurisdictions to describe a right or security interest granted over an asset to secure the repayment of a debt without transferring title.

Fee

A payment made to a professional or an organization in exchange for services or advice.

Covenant

A formal, written agreement or promise between two or more parties, often featuring in contracts or real estate transactions.