A Conveyance of Ownership Is Presumed to Be the Conveyance

question 20

True/False

A conveyance of ownership is presumed to be the conveyance of a fee simple absolute unless something to the contrary is stated.

---

Definitions:

Average Cost

Average cost, also known as unit cost, is the total cost of production divided by the number of units produced.

Maximize Profits

A business goal to achieve the highest possible profit by optimizing sales revenue and minimizing costs.

Constant Marginal

Pertains to a situation where the additional cost or benefit of producing one more unit of a good or service remains unchanged.

Average Cost

The sum of all production expenses divided by the amount of product made.