Company a Manufactures a Single Automotive Component

question 57

Multiple Choice

Company A manufactures a single automotive component.It had total revenue of $100,000 and an economic profit of $20,000.What is the price of the component it manufactures?

• A)($100,000/quantity sold).
• B)($100,000/quantity produced).
• C)($100,000/quantity sold) − average cost of the product.
• D)($100,000/quantity produced) − average cost of the product.

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Definitions:

Trust Fund

A legal arrangement where funds or assets are managed by a trustee on behalf of the beneficiaries, as specified in the trust agreement.

Betrayal

The act of breaking trust or confidence in a relationship, leading to emotional distress and rupture of the bond.

Vengefulness

A strong desire for revenge or payback due to real or perceived wrongs.

Transition

The process or period of changing from one state or condition to another, often involving significant personal, social, or professional changes.