You Have Been Provided the Following Information About High Inc

question 71

Multiple Choice

You have been provided the following information about High Inc.
$\begin{array}{|l|l|l|}\hline {\text { in thousands of dollars) }} & {2005} &{2006} \\\hline \text { Current Assets } & \$ 158 & \$ 163 \\\hline \text { Long Term Assets } & \$ 453 & \$ 502 \\\hline \text { Current Liabilities } & \$ 102 & \$ 143 \\\hline \text { Long Term Liabilities } & \$ 302 & \$348 \\\hline \text { Net Income } & \$ 32 & \$ 42 \\\hline\end{array}$
-Owner's Equity for 2006 is:

• A) $20,000
• B) $154,000
• C) $174,000
• D) $207,000

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Definitions:

Industrial Regulation

The application of laws and rules by government agencies to control the way industries operate, with the goal of ensuring fairness, safety, and environmental stewardship.

Natural Monopolists

Firms that can provide goods or services at a lower cost than any competitors, often due to economies of scale, making them the sole provider in the market.

Marginal Cost Pricing

Setting the price of a good or service equal to the additional cost of producing one extra unit. This strategy is often used to achieve efficiency in markets.

Uneconomic Substitution

Involves replacing one factor of production with another in a way that leads to inefficient or increased costs.