S Agrees to Sell B 10,000 Widgets at a Price

question 68

Multiple Choice

S agrees to sell B 10,000 widgets at a price of $1.00 per widget.After B breaches the contract,S resells the widgets for $1.10 per widget in a public sale.S also saved $200 in shipping costs.What amount does S owe B?

• A) $1,200
• B) $1,300
• C) $1,000
• D) Nothing

---

Definitions:

Linear Model

A mathematical model that describes a linear relationship between two or more variables.

Model

A representation, often mathematical, of a real-world process, object, or concept, designed to simulate its behavior under certain conditions.

Applicable

Relevant or suitable in a given situation or for a specific purpose.

First-Birth Rate

The frequency at which first births occur within a defined population.