Which of the Following Statements Is Not True of a 'Non-Delegable

question 24

Multiple Choice

Which of the following statements is not true of a 'non-delegable' duty of care?

• A)The duty owed is not just to take reasonable care but to ensure that all reasonable care is taken.
• B)The duty cannot be delegated to another person.
• C)The duty is owed by employers to their employees.
• D)The duty extends to intentional harmful acts by others.

Comprehend the marginal rate of substitution and its role in consumer choice.

Analyze the impact of changes in utility on consumption choices.

Understand the relationship between price changes, demand movements, and shifts in equilibrium.

Distinguish between movements along a budget line and shifts of the budget line itself.

---

Definitions:

Marginal Revenue

Marginal revenue is the additional income generated from selling one more unit of a good or service.

Profit-Maximizing

A method or plan designed to maximize profits from business activities.

Fixed Costs

Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wage bills, and insurance fees.

Market Price

The existing rate at which an asset or service is offered for buying or selling.