-Refer to the Table Above

question 95

Multiple Choice

-Refer to the table above.If these data refer to a profit-maximizing monopolist,the price and quantity combination in this market is __________ whereas,if the data refer to a perfectly competitive firm,the price and quantity combination will be _________.

• A) $8 per unit and 3 units;$8 per unit and 3 units
• B) $6 per unit and 5 units;$8 per unit and 3 units
• C) $6 per unit and 5 units;$6 per unit and 5 units
• D) $7 per unit and 4 units;$6 per unit and 5 units
• E) $8 per unit and 3 units;$6 per unit and 5 units

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Definitions:

Vacation Benefits Payable

Liabilities owed to employees for vacation time earned but not yet taken.

Payroll Bank Account

A dedicated bank account used exclusively for processing payroll and related transactions to ensure accurate tracking and management of employee payments.

Payroll Register

A document that records each employee's gross earnings, deductions, and net pay for a specific payroll period.

Federal Depository Bank

A financial institution that is authorized to hold deposits for the Federal Reserve System, providing banking services to the government and the public.