A Sales Contract Must Be Evidenced by a Writing If

question 12

Multiple Choice

A sales contract must be evidenced by a writing if the sales price of goods is equal to or more than:

• A) $100.
• B) $300.
• C) $500.
• D) $1,000.

Define and calculate the marginal rate of substitution.

Distinguish between normal and inferior goods based on consumer income levels.

Describe the impact of taxes and subsidies on consumer choices.

Explain the relationship between indifference curves and the utility maximization principle.

---

Definitions:

Baseline

An initial set of measurements or observations used as a reference point for comparison over time or conditions.

Preoperative

Pertaining to the period or phases preceding a surgical operation, involving preparation and evaluation of the patient for surgery.

Deep Breathe

A respiratory exercise involving deliberate, slow inhalation followed by prolonged exhalation, used to promote relaxation or improve lung function.

Cough

A sudden, forceful expulsion of air from the lungs that clears the air passages; a common symptom of respiratory conditions.