Which of the Following Is the Incorrect Statement

question 30

Multiple Choice

Which of the following is the incorrect statement?

• A) The marginal benefits curve is the slope of the total benefits curve.
• B) dB(Q)/dQ = MB.
• C) The slope of the net benefit curve is vertical where MB = MC.
• D) The vertical difference between the total benefit curve and the total cost curve is maximized at the optimal level of Q.

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Definitions:

Adjusting Entry

An accounting entry made into a ledger after the reporting period has ended, to record previously unrecorded revenues or expenses or to correct inaccurate entries.

Income Statement

An income statement is a financial document that shows a company’s revenues, expenses, and profits over a specific period, illustrating the profitability of the business.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, including assets, liabilities, and equity, at a specific point in time.

Rent Payable

A liability account that records the amount of rent owed but not yet paid to the landlord.