A Type of Deed That Contains an After Acquired Clause

question 2

Multiple Choice

A type of deed that contains an after acquired clause is called a:

• A) grant deed
• B) quiet deed
• C) quitclaim deed
• D) gift deed

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Definitions:

Marginal Cost

The outlay required to produce an additional unit of a product or service.

Profit-Maximizing Level

The point at which a firm achieves the highest possible profit, typically where marginal costs equal marginal revenue.

Marginal Revenue

The additional income that a firm receives from selling one more unit of a good or service.

Demand Schedules

Tables that show the quantity of a good or service that consumers are willing and able to purchase at different price points.