The Following Information Pertains to Polk Company: Property, Plant And \begin{array}{rrrr}
\text

question 64

Multiple Choice

The following information pertains to Polk Company: Property, plant and $\begin{array}{rrrr}\text { Currentassets } & \$ 100,000 & \text { Currentliabilities } & \$ 75,000 \\\text { equipment } & 150,000 & \text { Long term liabilities } & 100,000\\\text { Constructioninprogress } &50,000&\text { Stockholders'equity }&125,000\\\text { Total assets }&\$300,000&\text { Total equities }&\$300,000\end{array}$ Invested capital is _ if it is defined as stockholders' equity.

• A) $225,000
• B) $125,000
• C) $300,000
• D) $250,000

---

Definitions:

Industry's Price

The general price level at which goods and services are bought and sold within a specific industry.

Output

The total amount of goods and services produced by a company, industry, or economy.

Marginal Revenue Curve

A graphical representation that shows how marginal revenue varies with changes in the quantity of output sold.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.