Fixed Costs ________ as the Number of Units Produced Increases

question 82

Multiple Choice

Fixed costs ________ as the number of units produced increases.

• A)decrease
• B)increase
• C)divide in half
• D)remain the same
• E)increase at a diminishing rate

Understand the purpose and main provisions of the Sale of Goods Act.

Know the regulations related to gift cards, including expiry dates and fees.

Identify what constitutes an unconscionable transaction.

Describe the characteristics of a negotiable instrument.

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that establishes a uniform international sales law.

Contract Of Sales

A legal agreement between a buyer and a seller for the exchange of goods, services, or property for payment or promise of payment.

Merchant

An individual or business engaged in the selling of goods, especially on a large scale or with specialized knowledge.

Occupation

A person's principal job or business, especially as a means of earning a living.