Figure 13-2 -Refer to Figure 13-2. the Graph Illustrates a Typical

question 362

Multiple Choice

Figure 13-2
-Refer to Figure 13-2. The graph illustrates a typical

• A)total-cost curve.
• B)production function.
• C)production possibilities frontier.
• D)marginal product of labor curve.

---

Definitions:

Indorses

To sign one's name on a document, especially on the back of a check or negotiable instrument, to make it payable to someone other than the stated payee or to accept responsibility.

Discharged From Liability

The release of a debtor from the obligation to repay a debt, usually following a legal process such as bankruptcy proceedings.

Dishonor

Failure to fulfill an obligation, especially the non-payment of a check or negotiable instrument when it is presented for payment.

Warranties

Legally binding promises made by a manufacturer or seller that a product or service meets certain quality and reliability standards or that certain repair or replacement conditions will be met.