A Minor Cannot Act as an Agent

question 57

True/False

A minor cannot act as an agent.

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Definitions:

Utility Function

A mathematical representation of how individuals rank preferences or choices from highest to lowest.

Equal Amounts

Identical quantities or measures of something, having the same value or size.

Utility Function

A representation of a consumer's preferences, indicating the level of satisfaction derived from various bundles of goods and services.

Units of X

Specific measures or quantities of a given variable or product X.