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Myrtle walks into Hank's Hardware Store and says,"I need metal storage shelves that can hold 500 pounds." Hank directs her to a metal storage shelving system,which Myrtle buys.When Myrtle puts 475 pounds of weight on the shelves,they collapse.Hank's Hardware breached the warranty of merchantability.
User Cost
User cost comprises the costs associated with the use of a product or service, including wear and tear, maintenance, and the opportunity cost of forgone alternatives.
Extract
To remove or obtain a substance from a source through a process.
Resource
An asset or input used to produce goods and services, such as labor, capital, land, and knowledge.
Nonrenewable Resource
A natural resource that cannot be readily replaced by natural means at a quick enough pace to keep up with consumption.
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