Table 2-19 Table 2-19 Shows the Output Per Month of Month

question 433

Multiple Choice

Table 2-19
Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. What is Betty's opportunity cost of making a bench?

• A) 1/2 statue
• B) 2 statues
• C) 1.75 benches
• D) 2.8 statues

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Definitions:

Equity Section

The portion of a company's balance sheet that represents the owners' claims to the assets after all liabilities have been deducted.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and holds in its treasury.

Paid-In Capital

Refers to the amount of money that a company's shareholders have invested through the purchase of shares.

Reissued

Describes securities or other financial instruments that have been sold, recalled, and then sold again to the public.