Which of the Following Sets of Remedies Are Both Equitable

question 58

Multiple Choice

Which of the following sets of remedies are both equitable?

• A)punitive damages and nominal damages
• B)restitution and punitive damages
• C)specific performance and injunction
• D)liquidated damages and rescission
• E)account of profits and reliance damages

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Definitions:

Accounting Profit

Total revenue minus total explicit cost

Economic Profit

The distinction in the amount between total sales and all costs, inclusive of apparent and implied expenses.

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service, essential for establishing the best production quantities.

Marginal Cost

The increase in total cost that arises from producing one additional unit of goods or services.