Following Is an Extract of Account Balances of Aztec Moving

question 42

Multiple Choice

Following is an extract of account balances of Aztec Moving Services as of December 31,after the first year of operation. What is the amount of total assets at the end of the year?

• A)$14,000
• B)$30,100
• C)$19,000
• D)$26,100

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Definitions:

Techniques of Production

The methods and processes used by firms to produce goods and services efficiently.

Price of Output

The amount of money that a firm receives from the sale of goods and services it produces.

Price of Inputs

The cost associated with the resources used in the production of goods and services.

Marginal Cost

The cost added by producing one extra item of a product.