Conventions at which manufacturers and wholesalers rent booths to display their products are known as

Jana and Annie enter into a written agreement whereby Jana promises to sell and Annie

promises to buy a certain parcel of land for $5,000. There is adequate consideration, the contract is legal and both parties have contractual capacity. The contract is fully performed by both parties on January 1. Which of the following best describes this contract as of January 2? A) Unilateral, implied, executory, valid B) Bilateral, express, executed, valid C) Unilateral, express, executed, valid D) Unilateral, express, executory, valid

For volumes greater than the break-even point, the opportunity loss function is

A) a function of K, the loss per unit. B) 0. C) dependent on how much the volume is greater than the break-even point. D) halved. E) None of the above