Use the Following to Answer Questions 45-46

question 14

Multiple Choice

Use the following to answer questions 45-46:
Figure 9.10
-(Figure 9.10) If the government regulates the price of this natural monopolist to achieve a perfectly competitive output level, consumer surplus will change from _____ to _____.

• A) $3,000; $2,500
• B) $15,000; $75,350
• C) $5,000; $11,000
• D) $17,000; $54,600

---

Definitions:

Inventory Cost

The total cost incurred to procure, produce, and store inventory, including purchase price, production, and handling costs.

Gross Profit

the difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Cost Of Goods Sold

The immediate expenses directly related to creating a company's sold products, covering both labor and materials costs.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, after all sales and purchases have been accounted for.