-The Above Table Shows the Total Product Schedule for the Campus

question 372

Multiple Choice

-The above table shows the total product schedule for the campus book store. When the book store is selling 60 books per hour it is certain that

• A) marginal costs are increasing, but average variable costs are still decreasing.
• B) both marginal and average costs are decreasing.
• C) both marginal and average costs are increasing.
• D) hiring one more employee per hour will lead to fewer books being sold.

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Definitions:

Share Capital

The total amount of money raised by a company through the sale of shares to investors.

Share Premium

The amount received by a company over and above the par value of its shares when it issues them to shareholders.

Revaluation Surplus

The increase in value of an asset, recognized in the equity section of a company's balance sheet, when its fair market value is higher than its net book value.

Contributed Capital

Funds raised by a company through the issuance of shares to investors, also known as share capital or paid-in capital.