Eva Has Identified What She Owns and Preovded Costs and Estimates

question 13

Multiple Choice

Eva has identified what she owns and preovded costs and estimates at the start and end of the year as set out below.

The difference between the historic costs of the clothes at the start and end of the period is because:

• A) £182000
• B) £181 200
• C) £200 400
• D) £170 800
• E) £186 900

---

Definitions:

Marginal Cost

The supplementary cost that arises when one more unit of a good or service is produced.

Nobel Peace Prize

An international award given annually to an individual, group, or organization for outstanding contributions to peace, established by the will of Alfred Nobel in 1895.

Monetary Award

A financial compensation or reward given, often as a result of a legal verdict or settlement.

Rational

Refers to decision-making that is based on logic and reason, often assuming that individuals choose the option with the greatest personal benefit.