Use the Table Below to Answer the Following Questions

question 90

Multiple Choice

Use the table below to answer the following questions.
Table 11.1.1
-Refer to Table 11.1.1 which gives the demand schedule for a perfectly competitive firm.If the firm sells 6 units of output,marginal revenue is

• A)$15.
• B)$30.
• C)$75.
• D)$90.
• E)$105.

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Definitions:

Cash

Money in the form of coins and banknotes; the most liquid form of assets a company has.

Journalizing

The process of recording transactions in a company's journal before they are posted to the general ledger.

Posting Process

The act of transferring entries from the journal to the respective ledger accounts to keep financial records accurate and up-to-date.

Wrong Amount

Errors in financial transactions that result in the recording of inaccurate figures in accounting systems.