Which of the Following Is True of Enforcing a Contract

question 10

Multiple Choice

Which of the following is true of enforcing a contract?

• A) A contract is only considered valid if it is enforceable by both parties.
• B) In an unenforceable contract, at least one party has the option to void his or her contractual obligations.
• C) Void contracts are enforceable in cases involving mutual mistakes.
• D) Parties may voluntarily perform a contract that is unenforceable.

---

Definitions:

Production Levels

The quantity of goods or services that a company produces within a given period.

Marginal Cost Curve

A graphical representation illustrating the change in total cost that arises when the quantity produced changes by one unit.

Average Total Cost

The total cost of production divided by the quantity produced, representing the per unit cost of production.

Average Total Cost

Average Total Cost is the total cost of production divided by the total quantity produced, reflecting the cost per unit of output.