The Economy Can Produce 15X and 15Y,10X and 20Y,5X and 25Y,or

question 147

Multiple Choice

The economy can produce 15X and 15Y,10X and 20Y,5X and 25Y,or 0X and 30Y.It follows that opportunity cost of 1X is ___Y.

• A) 4.0
• B) 5.0
• C) 2.5
• D) 1.0
• E) none of the above

Understand the role and naming of pipe fittings and parts.

Differentiate between orthographic and isometric projections for piping drawings.

Define and categorize the general classes of pipe fittings.

Describe the specification process for pipe fittings, including the significance of pipe dimensions.

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Definitions:

UCC Statute of Frauds

A section of the Uniform Commercial Code that requires certain types of contracts, such as those for the sale of goods over a certain value, to be in writing to be enforceable.

Specially Manufactured Goods

Items that are produced to a buyer's personal specifications, which are not suitable for sale to others in the ordinary course of the seller's business.

Promissory Estoppel

A legal doctrine that prevents a party from withdrawing a promise made to another party if the latter has relied upon that promise to their detriment.

Oral Contracts

Agreements between parties that are spoken rather than written but are still legally binding.