-Refer to Exhibit 2-1

question 61

Multiple Choice

-Refer to Exhibit 2-1.The opportunity cost of moving from point B to A is

• A) 10,000 units of butter.
• B) 20,000 units of butter.
• C) 50,000 units of guns.
• D) the maximum amount of butter that can be produced with available resources.

---

Definitions:

Wages Expense

Costs incurred by a company for the payment of hourly employee wages within a specific accounting period.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use.

Accrued Revenue

Revenue earned but not yet received in cash or recorded at the statement date, usually recognized in accrual basis accounting.

Snow Removal Services

Companies or departments dedicated to clearing snow and ice from outdoor surfaces, such as roads and walkways, to ensure safety and accessibility.