Table 7-16 -Refer to Table 7-16. Both the Demand Curve and the Curve

question 290

Multiple Choice

Table 7-16
-Refer to Table 7-16. Both the demand curve and the supply curve are straight lines. At equilibrium, total surplus is

• A)$44.
• B)$56.
• C)$72.
• D)$96.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.

Return on Sales

A financial ratio that calculates how efficiently a company is at generating operating profit from its revenue.

Return on Assets

Return on Assets (ROA) is a financial ratio that measures the profitability of a company relative to its total assets, indicating how efficient a company is at using its assets to generate profits.

Return on Inventory

A financial metric used to assess how effectively a company generates profits from its inventory investments.