Ota Asserts That a Deal Entered into with Pai to Sponsor

question 20

Multiple Choice

Ota asserts that a deal entered into with Pai to sponsor and host a motivational conference for independent sales representatives was formed as the result of a mistake. Ota's best defense to the enforcement of this contract is

• A)a desire not to perform.
• B)insufficient capital.
• C)preliminary indications of unsatisfactory results.
• D)the lack of a party's voluntary consent.

Comprehend the relationship between output levels and average/marginal costs.

Grasp the idea of economies and diseconomies of scope.

Appreciate the significance of returns to scale on long-run costs.

Recognize the role of technology and specialization in achieving economies of scale.

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Definitions:

Voltage

The electrical potential difference between two points in a circuit, which drives current flow.

Frequency

A measurement of how often a repeating event, such as a wave, occurs within a specified amount of time, typically measured in hertz (Hz).

Samuel Seabury

The first American Episcopal bishop, ordained in 1789, and a loyalist during the American Revolutionary War, known for his debates on the political, social, and religious issues of his time.

Revolutionary Period

The era in American history from approximately 1765 to 1783, during which the Thirteen Colonies gained independence from Great Britain, culminating in the Revolutionary War.