Use the Following to Answer Question

question 189

Multiple Choice

Use the following to answer question:
-(Figure: Consumer Surplus III) In the figure Consumer Surplus III,when the price rises from $30 to $35,consumer surplus _____ for a total consumer surplus of _____.

• A)decreases by $15;$34
• B)increases by $15;$64
• C)increases by $25;$74
• D)decreases by $5;$44

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Definitions:

Sales Revenue

The total amount of money generated from the sale of goods or services by a company before any costs or expenses are deducted.

Direct Method

A way of allocating service department costs directly to the producing departments without considering services rendered between service departments.

Comparative Balance Sheet

A financial statement that presents the financial position of a company at different points in time side-by-side for comparison.

Cost Of Goods Sold

The immediate expenses linked to the manufacturing of products sold by a business, comprising costs for materials and labor.