Which of the Following Is True Regarding Whether Nicole Made

question 34

Multiple Choice

Which of the following is true regarding whether Nicole made an express warranty to Cara that the blender would make smoothies?

• A)Nicole made an express warranty by not speaking up regarding the blender's power only if Cara can prove that Nicole knew she wanted to make smoothies.
• B)Nicole made an express warranty by not speaking up regarding the blender's power.
• C)Nicole made an express warranty by not speaking up regarding the blender's power only if Nicole can prove that she,Nicole,was unaware that the blender was not a high-power blender.
• D)Nicole made an express warranty by not speaking up regarding the blender's power only if Cara can prove that Nicole knew it was not a high-power blender.
• E)Nicole did not make an express warranty.

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Definitions:

Nonexcludable

A characteristic of goods where it is difficult or impossible to prevent people from using the good once it has been provided.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to every individual without diminishing availability to others, such as national defense, public parks, and clean air.

Marginal Social Benefit

The additional benefit that society receives from the consumption of an additional unit of a good or service.

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service, considering both the costs borne by the producer and any costs or benefits to third parties (externalities).