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According to Section 2(1) of the Misrepresentation Act (MA) 1967

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According to section 2(1) of the Misrepresentation Act (MA) 1967: 'Where a person has entered into a contract after a misrepresentation …, then, if the person making the misrepresentation would be liable to damages in respect thereof had the misrepresentation been made fraudulently, that person shall be so liable notwithstanding that the misrepresentation was not made fraudulently ...'. This is known as the 'fiction of fraud'. A number of advantages flow from this fiction for the representee when compared to the action for damages for negligence at common law. Which of the following statements is false?

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Definitions:

Marginal Revenue

The extra income a company earns by selling an additional unit of a product or service.

Slope

The measure of the steepness or/incline of a line, representing the ratio of the vertical change to the horizontal change between two points on the line.

Average Revenue

The revenue generated per unit of output sold, calculated by dividing total revenue by the number of units sold.

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service.

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