Use the Following to Answer Question

question 43

Multiple Choice

Use the following to answer question:
-(Table: Marginal Cost of Sweatshirts) Use Table: Marginal Cost of Sweatshirts.The marginal cost of the third sweatshirt is:

• A)$33.
• B)$13.
• C)$11.
• D)$9.

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Definitions:

Dividends

Distributions to shareholders from a corporation, typically originating from the firm's earnings.

Market Price

The contemporary selling or buying price for an asset or service in the marketplace.

Earnings Per Share

A financial ratio calculated as a company's net income divided by the number of outstanding shares of its common stock.

Par Value

Par value is the nominal or face value of a bond, stock, or coupon as indicated on a certificate or instrument, often used in the legal capital of a corporation.