Solved

question 93
question 93
Multiple Choice

firm A firm B firm C firm D

External costs $ 0 _$ 175 _$

privet costs 400 250 175 200

social costs ____ 350 _$__ 250

Table 28.2 In Table 28.2, which firm has the greatest difference between social and private costs?

	firm A	firm B	firm C	firm D
External costs	$ 0	___$__	175	___$__
privet costs	400	250	175	200
social costs	______	350	___$__	250

Definitions:

Markup

The sum added onto the purchase price of products to encompass both overhead expenses and profit margins.

Average Inventory

The mean amount of inventory held by a business over a specific period of time, calculated to assess inventory management efficiency.

Ending Inventory

The total value of all merchandise that a company has not sold at the end of an accounting period.

Beginning Inventory

The amount of merchandise prepared for sale at the start of a fiscal period.