Figure 7-6 -Refer to Figure 7-6.What Happens to the Consumer Surplus If

question 239

Multiple Choice

Figure 7-6

-Refer to Figure 7-6.What happens to the consumer surplus if the price rises from $100 to $150?

• A) The new consumer surplus is half of the original consumer surplus.
• B) The new consumer surplus is 25 percent of the original consumer surplus.
• C) The new consumer surplus is double the original consumer surplus.
• D) The new consumer surplus is triple the original consumer surplus.

Understand the concept of integrated contracts and the difference between fully and partially integrated contracts.

Know the legal implications of intended final written statements in contracts.

Understand the role and limitations of the parol evidence rule in contract disputes.

Recognize the distinctions between agreements that must be in writing and those enforceable through oral agreements or partial writings.

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Definitions:

Return on Investment

A metric that assesses the effectiveness or profit generated from an investment by dividing the investment's return by its expense.

Kirkpatrick's Model

A framework for evaluating training programs using four levels: Reaction, Learning, Behavior, and Results.

Return on Expectations

The measure of the success of a project or training based on the stakeholders' initial objectives and outcomes.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, comparing the magnitude and timing of gains from investment relative to its cost.