Uri and Victor Enter into a Contract by Which Uri

question 26

Multiple Choice

Uri and Victor enter into a contract by which Uri promises to deliver business cards,advertising banners,and other marketing materials to Victor.Uri later transfers his duty under the contract to Wren.Uri is

• A)a delegator and an obligor.
• B)a delegate and an obligee.
• C)an assignor and an assignee.
• D)none of the choices.

---

Definitions:

Short-Run Cost Curves

Graphical representations that show how a firm's costs vary with output level in the short term, where at least one factor of production is fixed.

Start-Up Firms

New businesses in the early stages of operation, often associated with innovation and entrepreneurship in various industries.

Profitable

A term used to describe a business or activity that generates more revenue than the expenses incurred in operating.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.