Using Prices to Promote Efficiency in the Utilization of Bridges

question 183

Multiple Choice

Using prices to promote efficiency in the utilization of bridges,

• A)higher prices should be charged for the use of the most crowded bridges.
• B)lower prices should be charged for the use of the uncrowded bridges.
• C)traffic would be equalized among the bridges where space is a scarce resource.
• D)All of the above are correct.

---

Definitions:

Subscription

An agreement to purchase a product or service on a recurring basis or to receive regular deliveries or access to content.

Adjusting Entries

Journal entries made in accounting to update the records for expenses and revenues that have accrued but are not yet recorded.

Daily Wages

The amount of money that a worker earns for one day of labor.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset.