Nominal Damages Are Awarded in Contract Cases in Which a Damage

question 33

True/False

Nominal damages are awarded in contract cases in which a damage amount was named in the contract.

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Definitions:

Output

The amount of something produced by a person, machine, or industry.

Average Cost

The total cost divided by the quantity produced, measuring how much on average each unit of output costs to produce.

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Average Variable Cost

The total variable cost divided by the quantity of output produced, indicating the variable cost of producing each unit of output.