The Table Below Provides the Total Revenues and Costs for a Small

question 48

Multiple Choice

The table below provides the total revenues and costs for a small landscaping company in a recent year. $\begin{array}{|l|l|}\hline \text { Total Revenues }(\$) & 250,000 \\\hline & \\\hline \text { Total Costs }(\$) & \\\hline \text { - wages and salaries } & 150,000 \\\hline \text { risk- free return of } 2 \% \text { on owner's capital of } \$ 20 & 400 \\000\\\hline \text { interest on bank loan } & 1500 \\\hline \text { cost of supplies } & 27000 \\\hline \text { depreciation of capital equipment } & 8000 \\\hline \text { additional wages the ow ner could have earned } & 30000 \\\text {in next best alternative }\\\hline \text {- risk premium of } 4 \% \text { on owner's capital of } \$ 20&800\\000\\\hline\end{array}$
$\text { TABLE 7- } 2$
-Refer to Table 7- 2. The accounting profits for this firm are

• A) $71 500.
• B) $63 100.
• C) $32 300.
• D) $32 700.
• E) $63 500.

Identify major endocrine glands and their functions in the human body.

Distinguish between the central and peripheral nervous systems and their roles.

Explain the use and significance of different brain imaging techniques.

Describe the physiological mechanisms behind nerve signal transmission and reception.

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Definitions:

Economies of Scope

Cost advantages that enterprises obtain due to the efficient management of diverse business activities that enable them to share resources and capabilities across different products or segments.

Product Transformation Curve

Another term for the "production possibility frontier," which shows the different quantities of two goods that can be produced with a given set of resources.

Economies of Scope

Cost advantages that enterprises obtain due to efficiency improvements gained by producing a wider variety of goods or services.

Joint Cost Function

A cost function that describes the total cost of producing multiple products together, where the costs cannot be separated for each product.