McGown Corp

question 91

Multiple Choice

McGown Corp. has the following information: Additional information for the year is as follows: Compute the direct materials used in production.

• A) $20,000
• B) $30,000
• C) $110,000
• D) $90,000

---

Definitions:

Microeconomic Theory

The study of individual, household, and firm behaviors in decision making and allocation of resources.

Emphasis

A special importance, value, or prominence given to something.

Good

An item, material, or product that satisfies a want or need; can be tangible (physical) or intangible (like a service).

Perceived Fairness

The subjective judgment by individuals about the fairness or equity of something, often in economic transactions or distributive justice.