Graphically,total Cost Is Equal to the Area of The

question 96

Multiple Choice

Graphically,total cost is equal to the area of the:

• A)triangle formed under the demand curve.
• B)rectangle formed under the demand curve at a given price and quantity combination.
• C)rectangle formed under the average-total-cost curve at a given ATC and quantity combination.
• D)triangle formed by a line segment between the demand and average-total-cost curves.
• E)triangle formed by a line segment between the horizontal axis and the average-total-cost curves.

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Definitions:

Bonus Share Dividend

A reward to shareholders in the form of additional shares instead of cash, based on the number of shares already held, often issued from a company's accumulated reserves.

Pre-acquisition Retained Earnings

The accumulated profits of a company before it was acquired by another entity, which are not included in the calculation of goodwill.

Consolidation Worksheet

A document used in preparing consolidated financial statements that combines the financial data of parent and subsidiary companies.

Revalued Above Cost

When an asset's market value increases beyond its historical cost, leading to an adjustment in the book value.