Brandon finds that Max Solutions can supply computers with the specific configuration he needs. His company enters into a contract with Max Solutions to provide 60 custom-built desktops at an agreed price. The contract between them will ensure each of the following, EXCEPT:
a. that Brandon's company does not back out and make a deal with someone else for a lower price.
b. Max Solutions does not sell the computers to another company for a higher price.
c. Max Solutions supplies the computers before the scheduled date of delivery.
d. Brandon's company compensates Max Solutions in case of cancellation of order at a later date.
C
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The shape of a firm's ________ -run average cost curve depends on how costs vary with ________.
A. long; scale of operations B. short; scale of operations C. short; no fixed factor of production D. long; a fixed factor of production
If consumption is $10,000 when income is $10,000, and consumption increases to $11,000 when income increases to $12,000, the MPS is
A. 0.10. B. 0.25. C. 0.50. D. 0.90.