Use the Table Below to Answer the Following Questions

question 89

Multiple Choice

Use the table below to answer the following questions.
Table 8.2.1
-Refer to Table 8.2.1.Consider Sam's utility from sailing and skiing.The price of sailing is $10 per hour and the price of skiing is $20 per hour;Sam's income to spend on these activities is $80.In consumer equilibrium,Sam will sail for

• A)3 hours and ski for 2 hours.
• B)2 hours and ski for 4 hours.
• C)4 hours.
• D)4 hours and ski for 2 hours.
• E)8 hours.

---

Definitions:

ADR Contract Clause

A provision in a contract that requires the parties to resolve disputes through Alternative Dispute Resolution methods, such as arbitration, instead of court litigation.

Litigation

The process of taking legal action or bringing a lawsuit in a court of law to resolve a dispute.

ADR Procedures

Alternative Dispute Resolution methods, which include mediation and arbitration, aimed at resolving disputes without litigation.

Settlement Week

An ADR technique in which the court clears its docket of all business except settlement hearings.