________ denotes the dollar amount a consumer would attach to a good or service.
A. Utility
B. Value
C. Economic contribution
D. Consumer surplus
Answer: B
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According to the text, a ________ provides a series of pictures, which track the changes that take place over time
A) cross-sectional design B) longitudinal design C) horizontal design D) vertical design E) photographic design
The amount of compensatory damages that will be awarded for breach of contract depends on which party breached the contract
Indicate whether the statement is true or false
Blue Scales, Inc. entered into a contract to purchase 20,000 units of raw materials from Scorpio, Inc. If Scorpio fails to deliver on its obligations, which of the following statements is true?
A) Scorpio will have to pay the amount it has already received from Blue Scales. B) Scorpio will have to pay the profits lost by Blue Scales. C) Scorpio will have to pay whatever sum Blue Scales speculates as damages. D) Scorpio will have to pay Blue Scales the price difference in purchasing from another supplier plus court costs.
Which of the following will destroy negotiability?
A) Leaving the name of the payee off a check B) Making the check payable in British pounds C) Signing a check with an "X" D) Postdating the check