If an Offer Is Made by Facsimile and No Method

question 6

Multiple Choice

If an offer is made by facsimile and no method of acceptance is specified by the offeror,which of the following methods of acceptance would NOT be effective?

• A)Email.
• B)Telephone.
• C)Facsimile.
• D)Post.

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Definitions:

Demand Schedule

is a table that lists the quantity of a good that consumers are willing to buy at different price levels, showing the relationship between price and quantity demanded.

Marginal Cost

The cost of producing one additional unit of a product, reflecting changes in variable cost as output is adjusted.

Average Cost

The total cost of production divided by the number of goods produced, providing a cost per unit of output.

Marginal Revenue

The incremental revenue resulted from the sale of one more product or service unit.