Which of the Following Is Not True Statement

question 54

Multiple Choice

Which of the following is not true statement?

• A) Exit value denotes the selling price that can be received from the firm's assets when sold through a process of orderly liquidation.
• B) Exit value is a form of opportunity cost.
• C) Entry value refers to replacement cost.
• D) Exit value is generally preferred to replacement cost.

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Definitions:

Supply Curve

A graphical representation of the supply schedule, showing the relationship between quantity supplied and price.

Demand Curve

A graphical representation of the demand schedule, showing the relationship between quantity demanded and price.

Equilibrium Quantity

The quantity of a good or service bought and sold at the equilibrium (or market-clearing) price.

Excise Tax

A tax imposed on specific goods, services, or activities, usually with the aim of reducing consumption or generating revenue.