The Following Table Shows the Total Revenue and Total Cost

question 36

Multiple Choice

The following table shows the total revenue and total cost (in dollars) from different sales volumes of the good.
Table 2-1
$\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity } & \text { Total Revenue } & \text { Total Cost } \\\hline 15 & 1 & 15 & 3 \\\hline 14 & 2 & 28 & 7 \\\hline 13 & 3 & 39 & 12 \\\hline 12 & 4 & 48 & 18 \\\hline 11 & 5 & 55 & 25 \\\hline 10 & 6 & 60 & 33 \\\hline\end{array}$

-Refer to Table 2-1. What is the firm's profit from selling 3 units of the good?

• A) $13
• B) $11
• C) $12
• D) $39
• E) $27

Realize the significance of effect sizes in research analysis and interpretation.

Appreciate the value of systematic replications in ensuring the reliability and validity of scientific findings.

Understand the distinct characteristics between literature reviews and meta-analyses.

Recognize the complementary roles of narrative reviews and meta-analyses in synthesizing research findings.

---

Definitions:

Indirect Method

A method used in cash flow statement preparation that adjusts net income for non-cash transactions, deferrals, and accruals.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset since it was put into use, reducing its book value.

Investing Activity

Financial transactions related to the acquisition or disposal of long-term assets and investments, reflected in a company's cash flow statement.

Indirect Method

A method used in cash flow statements to adjust net income for non-cash transactions and changes in working capital to calculate net cash provided by operating activities.