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zmey [24]
3 years ago
5

The federal trade commission (ftc) created the _____ rule, giving consumers three days to cancel purchases they make from salesp

eople who come to their homes.
Business
1 answer:
yawa3891 [41]3 years ago
7 0
Cooling-Off Rule. 

The FTC allows consumers to cancel purchases within 3 days from sales made when salespeople come to consumers' homes. This "cooling-off rule" helps consumers feel less pressure and to assess their purchases after the salesperson has left his or her home. The rule acknowledges the power disparity when salespeople enter consumers' homes attempting to make a sale. 
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Answer:

TFC : Horizontal Line parallel to X axis

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Total Fixed cost [TFC] is the total production expenditure, done on fixed factors of production (Eg - on machine, building etc). It is incurred even at zero level of output, stays same (constant) irrespective of output level. So, it's curve is a  constant horizontal line.

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Total Cost [TC] is the total cost incurred on all factors of production (fixed & variable). It is sum of TVC & TFC. As TFC is constant at all levels of output, TC changes due to change in TVC. So, TC is also directly related to output level, first increases at increasing rate & then at decreasing rate. Hence, it is also a inverse S upward sloping curve. But, it also includes constant TFC. So, the curve has intercept on Y axis = TFC (it doesn't start from origin).

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