-The Figure Above Shows the Supply Curve for Soda

question 51

Multiple Choice

-The figure above shows the supply curve for soda.The market price is $1.00 per soda.The marginal cost of the 10,000th soda is

• A) $0.00.
• B) $0.50.
• C) $1.00.
• D) more than $0.50 and less than $1.00.
• E) None of the above answers is correct.

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Definitions:

Accounts Receivable

Unsettled charges owed by clients to a company for the consumption or acquisition of goods or services.

Allowance Account

An account used in accrual accounting to estimate future adjustments, such as doubtful accounts or returns, affecting the value of asset accounts.

Percentage of Sales

A financial ratio illustrating how a particular figure on the financial statements reflects a certain percentage of the total sales.

Percentage of Receivables

A method used to estimate the amount of bad debt expense by calculating a fixed percentage of accounts receivable to be uncollectible.