A and B Are Neighbours

question 48

True/False

A and B are neighbours. Before A left on a holiday, he asked B to "keep an eye on his house." While A was on holidays, B noticed that A's lawn was in need of cutting and proceeded to cut the lawn. On A's return from his holiday, B demanded $10 for cutting the lawn. A's statement was a request for service, and hence B may claim for his service of cutting of the lawn on the basis of quantum meruit.

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Definitions:

Marginal Revenue Function

A mathematical representation that shows how marginal revenue changes as the quantity of output is changed.

Dinner Special

A unique or discounted meal offered by a restaurant, typically for a limited time or occasion, often to attract customers or showcase new dishes.

Optimal Decision

The most efficient, profitable, or desirable decision given the available information, resources, and constraints.

Entree

The main dish of a meal.