The Following Table Shows the Annual Income Statement of Max

question 121

Multiple Choice

The following table shows the annual income statement of Max Computers. Table 8.3

- Refer to the Table 8.3.The net income of Max Computers is:

• A)$10,000 million.
• B)$25,000 million.
• C)$11,000 million.
• D)$13,000 million.
• E)$12,500 million.

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Definitions:

Wage Rate

The amount of compensation paid to an employee per unit of time worked, often expressed as an hourly rate.

Marginal Physical Product

The additional output resulting from using one more unit of a physical input, holding other inputs constant, in the production process.

Total Revenue

The price of a good or service multiplied by the number of units sold.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, factor of production, or input.