Table 14-1 This Table Shows the Revenue and Costs of a Parrot

question 164

Multiple Choice

Table 14-1
This table shows the revenue and costs of a parrot farmer.
-Refer to Table 14-1.If the farmer chooses to maximise profit, the appropriate output level is where marginal cost is equal to:

• A)$5
• B)$10
• C)$11
• D)$33

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Definitions:

Par Value

The nominal or face value of a stock or bond, as stated by the issuing company.

Dividends Received

Earnings distributed to shareholders from the investments in other companies.

Par Value

The nominal or face value of a stock or bond as stated by the issuer.

Stock Dividend

A dividend payment made to shareholders in the form of additional shares of stock, rather than cash.