Tell us whether the statements are true and false and why or why not. A reasonable person standard is applied to strict liability questions. Strict Liability is imposed for reasons other than fault. Strict liability holds a defendant liable for the results of his or her actions only if those results were intended. One of the requirements for a suit based on strict liability is a failure to exercise due care. Assumption of risk is a defense to strict liability. Strict Liability applies only to abnormally dangerous activities. Strict liability requires the proof of a duty of care. Tell us whether the statements are true and false and why or why not.

first statement is true

The second statement is also true

The third statement is false

Fourth statement is true

Fifth statement is false

Six statement is true

Explanation:

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

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