The principle of diminishing marginal satisfaction helps to explain why people increase their rate of savings as their incomes rise
Indicate whether the statement is true or false.
TRUE
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________ are industrial products that aid in the buyer's production or operations, including installations and accessory equipment
A) Unsought products B) Convenience products C) Capital items D) Specialty items E) Repair items
All of the following are benefits of artificial intelligence except ________.
A. increase productivity B. create new services C. enable smart devices with new capabilities D. find unique solutions for age-old problems E. increase costs
A directed verdict is a judge's final binding determination on the merits after a jury's verdict
Indicate whether the statement is true or false
Article 2 provides minimum requirements that goods must satisfy to be merchantable, including that the goods must be:
a. of the highest quality reasonably possible under the contract b. reasonably fit for the purposes for which they are being sold c. of fair, average, merchantable quality d. reasonably fit for the purposes for which they are being sold and of fair, average, merchantable quality e. of the highest quality reasonably possible under the contract and of fair, average, merchantable quality