If the Only Information We Had About Goldie Were That

question 19

Multiple Choice

if the only information we had about Goldie were that she chooses the bundle (6, 6) when prices are (6, 7) and she chooses the bundle (10, 0) when prices are (2, 5) , then we could conclude that

• A)Goldie violates WARP.
• B)the bundle (6, 6)is revealed preferred to (10, 0)but there is no evidence that she violates WARP.
• C)neither bundle is revealed preferred to the other.
• D)the bundle (10, 0)is revealed preferred to (6, 6)and she violates WARP.
• E)the bundle (10, 0)is revealed preferred to (6, 6)but there is no evidence that she violates WARP.

Understand the principles and limitations of the parol evidence rule.

Recognize situations that fall outside the statute of frauds concerning promises in consideration of marriage.

Assess the role of electronic agents in the formation of electronic contracts under E-Sign.

Understand the fundamental concepts of assignments and delegations in contract law.

---

Definitions:

Investment

The allocation of resources, usually money, in expectation of generating an income or profit.

Target Costing

A pricing method where the selling price is set first, and then the target cost for producing the product is determined by subtracting a desired profit margin.

Desired Return

The specific profit that an investor aims to achieve from an investment.

Investment

The allocation of resources, such as time, money, or effort, in something with the expectation of receiving a future return or profit.