Which of the companies has the greatest variable cost?
What will be an ideal response?
Answer: The variable cost is reflected by the slope, and the line representing company A starts lower than the others on the left side of the graph and ends higher than all others, thus it must have the greatest slope and therefore highest variable cost.
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In the context of consumer markets, which of the following is true of consumers?
a. They often follow the practice of reciprocity. b. They tend to buy in very large quantities. c. They approach purchasing rather formally. d. They normally buy products rather than lease them.
According to the Uniform Commercial Code, to meet the standard of merchantability, the goods must pass without objection in the trade under the contract description
Indicate whether the statement is true or false