Below Is Productivity Data for Firm Nearly Done Inc

question 116

Multiple Choice

Below is productivity data for firm Nearly Done Inc.which purchases resources in a perfectly competitive factor market.

-Refer to the above information to answer this question.At its optimal output,what is Nearly Done's total profit or loss if the market wage rate is $8,total fixed costs are $24 and labour costs are the only variable costs?

• A)-$72.
• B)-$8.
• C)+$10.
• D)+$12.
• E)Cannot be determined.

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Definitions:

Date of Acquisition

The specific date on which one company officially takes control of another company in a merger or acquisition.

Consolidated Buildings

Buildings or physical structures that have been combined into one entity, often for accounting or management purposes.

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an active market or through valuation techniques.