Use the Following to Answer Questions

question 213

Multiple Choice

Use the following to answer questions:
Figure: Price and Quantity 1
-(Figure: Price and Quantity 1) In the diagram, at which price is there a surplus?

• A) $80
• B) $50
• C) $40
• D) $0

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Definitions:

CCA Class

A categorization in the Canadian tax system that groups assets with similar properties for depreciation purposes.

Operating Income

This is the profit realized from a business's core operations, indicating the financial health of the business by excluding the effects of financing and investments.

Fixed Assets

Long-term tangible pieces of property or equipment a company owns and uses in its operations for generating income.

NPV

Net Present Value; a calculation used to determine the value of an investment by discounting future cash flows to present terms.