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An Acceptance Is Not Effective Upon Dispatch by the Offeree

question 9

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An acceptance is not effective upon dispatch by the offeree if the offer is sent by a stipulated means.


Definitions:

Marginal Product

The increase in output that arises from an additional unit of input, holding all other inputs constant.

Power Cords

Electrical cables used to connect appliances and electronic devices to the main electricity supply in order to power them.

Fifth Worker

An example used in economics to illustrate the principle of diminishing returns, where the addition of a fifth worker may lead to a lesser increment in output than the fourth.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, keeping all others constant.

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