Figure 3-3
Ice cream is measured in kilograms. 
-Refer to Figure 3-3. For Jerry, what is the opportunity cost of 1 kg of cones?
Definitions:
Common Law
A legal system based on precedents and judicial decisions rather than statutory laws.
Lessee
An individual or entity who leases an asset from another, the lessor, under the terms of a lease agreement.
Possession and Use
The act of holding property and utilizing it, which may imply certain rights or obligations under the law.
Lease
A contract by which one party conveys land, property, services, or the use of assets to another party for a specified time, usually in return for a periodic payment.
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