The Disadvantage of Leasing a Vehicle Is

question 44

Multiple Choice

The disadvantage of leasing a vehicle is

• A)there is no equity in the car.
• B)the cost of finding a buyer for the car at the termination of the lease.
• C)the responsibility for maintenance costs.
• D)the consideration of the resale value at the end of the lease.

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Definitions:

Video Game Maker

A company or individual specializing in the development and publishing of video games for various platforms.

Producer Surplus

Sum over all units produced by a firm of differences between the market price of a good and the marginal cost of production.

High Quality

A characteristic of products or services that meet or exceed the expectations of consumers, often associated with durability, reliability, and excellence.

Marginal Benefit

The additional benefit received from consuming one more unit of a good or service.