Complete the Following: Agreement + (1) + Consideration = Contract

question 15

Multiple Choice

Complete the following: Agreement + (1) + Consideration = Contract,
Where Agreement = (2) + (3) .

• A)(1) = intention, (2) = advertisement, (3) = payment.
• B)(1) = payment, (2) = intention, (3) = promise.
• C)(1) = intention, (2) = offer, (3) = acceptance.
• D)(1) = payment, (2) = offer, (3) = acceptance.

---

Definitions:

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service, which typically decreases with each additional unit consumed.

Total Utility

The total satisfaction or benefit received by consuming a specific quantity of a good or service.

Units of Utility

A measure of satisfaction or pleasure that a consumer receives from consuming a product or service.

Utility

In economics, a measure of satisfaction or happiness that a consumer derives from the consumption of goods and services.