Examlex

Solved

Expenses That Are Caused Directly by a Breach of Contract-Such

question 68

True/False

Expenses that are caused directly by a breach of contract-such as those in-curred to obtain performance from another source-are compensatory dam-ages.


Definitions:

Marginal Costs

The increase or decrease in the total cost of a production run for making one additional unit of an item.

Average Total Cost

The per-unit cost of production, obtained by dividing total costs by the total quantity of goods or services produced.

Marginal Cost

The expenditure for assembling another unit of a product or service.

Short-Run Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable for a short period.

Related Questions