Which of the Following Is Not an Express Warranty

question 87

Multiple Choice

Which of the following is not an express warranty?

• A)"These shelves hold up to 300 lbs.each."
• B)"This fingerpaint will wash out of clothes with just soap and water."
• C)"This sweater is made of the finest materials."
• D)All of the above are express warranties.

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Definitions:

Variable Costs

Costs that change in proportion to the level of output or activity in a business.

Economic Profits

The surplus remaining after total costs are deducted from total revenue, factoring in both explicit and opportunity costs.

Normal Rate

Refers to the standard, expected rate in financial or economic contexts, often used as a benchmark.

Short Run

The period of time for which two conditions hold: The firm is operating under a fixed scale (fixed factor) of production, and firms can neither enter nor exit an industry.