-Which of the Following Statements Is True

question 83

Multiple Choice

-Which of the following statements is true?

• A) Alpha and Beta must file a consolidated income tax return, but must exclude Gamma from the consolidated return.
• B) Alpha, Beta, and Gamma must file a consolidated income tax return.
• C) Alpha, Beta, and Gamma must file separate income tax returns because the ownership of Beta is less than 100%.
• D) Alpha, Beta, and Gamma will probably not file a consolidated income tax return.
• E) Alpha, Beta, and Gamma may file separate income tax returns or a consolidated income tax return.

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Definitions:

Marginal Product

Marginal Product is the additional output that results from using one more unit of a particular input, holding other inputs constant.

Average Product

The output per unit of input, typically calculated by dividing total output by the quantity of a specific input used.

Average Total Cost

The total cost divided by the number of units produced, representing the cost per unit of output.

Average Variable Cost

Average Variable Cost is calculated by dividing the total variable cost (cost that changes with the amount of output) by the quantity of output produced.