Monthly Output at Vincent Sheds and Outbuildings Changed from 15

question 173

Multiple Choice

Monthly output at Vincent Sheds and Outbuildings changed from 15 to 16 outdoor storage buildings,and the total costs changed from $27,000 to $28,500.What was the marginal cost for the company?

• A) $1,500
• B) $2,000
• C) $1,200
• D) $10,000

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Definitions:

Base Year

A specific year against which economic or financial data is compared over time for the purpose of analysis.

Financial Data

Quantitative information related to a company's financial performance, including income, expenses, assets, liabilities, and equity.

Return On Total Assets

A financial ratio indicating the profitability of a company relative to its total assets, showing how effectively a company is using its assets to generate profits.

After-Tax Effect

The impact of transactions on a company's net income after accounting for taxes, reflecting the true financial outcome.