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Who Is the Reasonable Person and Why Is He/she So

question 5

Essay

Who is the reasonable person and why is he/she so important in an action for negligence?


Definitions:

Marginal Benefits

The additional benefits received from consuming one more unit of a good or service.

Marginal Costs

The rise in overall expenses that occurs when the production amount is increased by a single unit.

MP3 Players

Portable electronic devices designed to play digital audio files in the MP3 format, popular for music playback before the widespread use of smartphones.

Unit Costs

The charges a company faces in the process of making, holding, and vending one individual unit of a particular product or service.

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