Several Years Ago,a Bookstore Chain Extended Its Closing Time from 9

question 140

Multiple Choice

Several years ago,a bookstore chain extended its closing time from 9 p.m.to 10 p.m.Now it is considering a further extension to 11 p.m.In making this marginal decision,the results of having gone from 9 p.m.to 10 p.m.are

• A) no longer relevant to the current decision.
• B) relevant if the marginal costs and benefits were unequal.
• C) relevant since they are part of the calculation of total costs and benefits.
• D) relevant if the marginal costs and benefits were equal.

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Definitions:

C.O.D. Shipment

Delivery method where payment is collected at the time of delivery rather than in advance.

Acceptance Of Goods

The act of a buyer signifying approval of goods received, implying that the goods meet contractual specifications and terms.

Commercial Impracticability

A doctrine under contract law where a party is excused from performing their contractual duties because unforeseen events have made performance excessively burdensome or impracticable.

Excuse Performance

A legal doctrine that allows a party to be released from a contractual obligation when events beyond their control prevent them from performing.