Dianne Is Interested in a New Condo Being Built in Hamilton,so

question 56

Multiple Choice

Dianne is interested in a new condo being built in Hamilton,so she puts down a deposit.The condo is to be completed in 18 months.Nine months later,Dianne decides she no longer wants to move to Hamilton,so she asks for her money back and the seller refuses.In order to actively get her money back,Dianne should

• A)arrange a purchaser's lien.
• B)prepare for a vendor's lien.
• C)sSue the vendor.
• D)hope the vendor changes his mind;her only hope is to have him voluntarily give back the money.
• E)hope the vendor voluntarily sells or mortgages the condo to someone else.

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Definitions:

Marginal Cost

The extra financial burden of manufacturing one more unit of a product or service.

Natural Monopolies

A situation where a single firm can supply a product or service to an entire market at a lower cost than two or more firms, making competition impractical.

Diseconomies of Scale

A situation in which a company or business grows so large that the costs per unit increase.

Long-run ATC

Long-run Average Total Cost refers to the per-unit cost of production in the long term where all inputs are considered variable.