Which of the Following Is a Characteristic of a Plant

question 2

Multiple Choice

Which of the following is a characteristic of a plant asset,such as a building?

• A) It is used in the operations of a business.
• B) It is available for sale to customers in the ordinary course of business.
• C) It has a short useful life.
• D) It will have a negligible value at the end of its useful life.

---

Definitions:

Total Producer Surplus

The total benefit that producers receive from selling a good or service, measured as the difference between the market price and the minimum price producers are willing to accept.

Caitlin's Producer Surplus

The difference between what a producer (in this case, Caitlin) actually receives for selling a good and the minimum they would be willing to accept.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, measured by the area above the supply curve and below the market price.

Whitewater Rafting

A recreational outdoor activity which uses an inflatable raft to navigate through rough or whitewater rivers.