The Table Shows Costs for an Individual Firm

question 21

Multiple Choice

The table shows costs for an individual firm. The total cost of producing the 6th unit is:

• A)$240.
• B)$250.
• C)$100.
• D)$140.

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained rather than paid out as dividends to shareholders, often used for reinvestment.

Retained Earnings

Funds that a company has decided to keep for reinvestment or other purposes instead of distributing as dividends.

Deficit

A financial situation where expenses exceed revenues, resulting in a negative balance.