Topographical Engineers,Inc

question 3

Multiple Choice

Topographical Engineers,Inc.,which is new to its business,offers its services at less than half their possible market price to United Road Crew Construction,Inc.,which knows the services' value.United's decision to accept the offer without commenting on the price could be justified by

• A)the concept of unconscionability.
• B)the doctrine of promissory estoppel.
• C)the principle of freedom of contract.
• D)the Statute of Frauds.

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Definitions:

Manufacturing Plant

A large industrial building designed for the production of goods, using various processes and machinery, in a structured and efficient manner.

Total Cost

The full amount of expenses incurred by a firm in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service.

Sod

A layer of earth in which the roots of grass are embedded, commonly used for lawns, golf courses, and sports fields to quickly establish a green surface.