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Fact Pattern 3-1 Amanda Is a Twenty-Four Year Old Student. for Two Years

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Fact Pattern 3-1
Amanda is a twenty-four year old student. For two years Amanda has been going to gym and using weight equipment, stationary bicycles, and step machines to improve muscle tone. One spring afternoon Amanda was using a weight machines in the usual way (and the way she was showed how to use it) , when the machine malfunctioned causing her serious injury. The company that made the machine, Musclematic, has known for the past year that this problem existed, but the company took no steps to warn people who owned or used these machines of the problem.
-Refer to Fact Pattern 3-1. Amanda does file a suit against Musclematic. But assume that she waits too long to file the claim. When Musclematic replies to Amanda's initial pleading, it should:


Definitions:

Price Elasticity

A measure of the sensitivity of demand or supply to changes in price, indicating how the quantity demanded or supplied responds to price changes.

Total Revenue

The entire amount of income generated by the sale of goods or services before any expenses are deducted.

Price Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in its price.

Oysters

Oysters are a type of shellfish that are consumed as a delicacy around the world, known for their unique taste and nutritional benefits.

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