When a Seller Makes a Representation of Fact About a Product,this

question 17

Short Answer

When a seller makes a representation of fact about a product,this is known as an _______ warranty.

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Definitions:

Utility Function

A representation in economics of how a consumer ranks different bundles of goods according to their level of satisfaction or happiness.

Tape Recorders

Devices used for recording audio onto magnetic tape and playing audio from tape.

Tapes

This term may refer to magnetic data storage tapes for information or sound recording but lacks specificity for a clear economic context. NO.

Cobb-Douglas

A form of production function used in economics to represent the relationship between two or more inputs (typically labor and capital) and the output.