-In the Above Figure, When the Quantity Equals 400 Pretzels

question 12

Multiple Choice

-In the above figure, when the quantity equals 400 pretzels,

• A) the marginal benefit is greater than the marginal cost.
• B) producers are willing to supply 400 pretzels for $2.
• C) producers are willing to supply 400 pretzels for $3.
• D) consumers are willing to pay $2 for the 400th pretzel.

---

Definitions:

Minimum Acceptable Return

The lowest return on investment that a manager or investor is willing to accept, often used in capital budgeting and investment planning.

Performance Measure

A metric or indicator used to assess the efficiency, effectiveness, and success of an organization's operations or employees.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue; the ratio of sales to investment in assets.

Income From Operations

The profit realized from a business's ongoing, core business activities, excluding deductions of interest and taxes.