If You Can Buy 9 DVDs for $126 or You

question 38

Multiple Choice

If you can buy 9 DVDs for $126 or you could buy 10 DVDs for $130, then the marginal cost of the tenth DVD is

• A) $4.
• B) $13.
• C) $14.
• D) $130.

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Definitions:

Unlimited Liability

A legal structure in business where the owners are personally responsible for all the debts and liabilities of the business.

Mutual Agency

A principle in partnerships where each partner has the authority to bind the partnership to contracts within the scope of the business's operations.

Limited Life

A term that refers to the finite existence of a business entity or an asset's useful life.

Store Equipment

Assets such as shelving, registers, computers, and other machinery used in the operation of a retail store.