Which Are Examples of Perquisites

question 37

Multiple Choice

Which are examples of perquisites?

• A)nice office and salary
• B)use of a company jet and nice office
• C)salary and country club memberships
• D)use of company jet and wages

---

Definitions:

Industry Demand Curve

A graph showing the relationship between the price of a good and the total quantity demanded across the entire market.

Perfectly Competitive

A market scenario characterized by a large number of small firms competing against each other, where each firm makes negligible impact on market prices.

Positive Economic Profits

Earnings that exceed the opportunity costs of inputs, indicating that a firm is generating returns higher than the next best alternative use of its resources.

Market Price

The current price at which goods or services can be bought and sold in a marketplace, determined by supply and demand.