Marginal Analysis Is the Effect Of

question 56

Multiple Choice

Marginal analysis is the effect of:

• A)scarcity.
• B)specialisation.
• C)trade.
• D)efficiency.
• E)opportunity cost.

---

Definitions:

Obligations

Duties or responsibilities imposed by law, contract, or moral duty that require a party to act or refrain from acting in a certain way.

Commercial Unit

Under the UCC, any unit of goods that is treated by commercial usage as a single whole. It may, for example, be a single article or a set of articles such as a dozen, bale, gross, or carload.

Accepted only

A condition or specification that only the accepted or approved items, proposals, or bids are considered, excluding all others.

Anticipatory Repudiation

The declaration by a party involved in a contract that they do not intend to fulfill their future obligations as agreed, even before the time to perform has arrived.