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Yuliya22 [10]
3 years ago
14

Monday Island produces only potatoes and oranges. Complete the following sentence. The marginal cost of a potato is the number o

f oranges that​ ______ to get one more​ ______.
A. must be​ forgone; potato
B. must be​ forgone; orange
C. people are willing to​ forgo; potato
D. people are willing to​ forgo; orange
Business
1 answer:
Paul [167]3 years ago
3 0

Answer:

Option (A) is correct.

Explanation:

The marginal cost is also defined as the opportunity cost.

Opportunity cost refers to the value or quantity of one good that must be foregone to produce one extra unit of other good. Here, the opportunity cost of producing potatoes is the number of oranges.

If Monday Island wants to increase the production of potatoes then it must sacrifices some of the units of oranges.

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Answer: $4.34

Explanation:

The net income for diluted earnings per share will be calculated as:

Net income: $2,500,000

Less: preferred dividend: $300,000

= $2,200,000

To calculate the number of shares goes thus:

Total shares of stock options = 10,000 × 20 = 200,000 shares

Proceeds = 200,000 × $29

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Shares of treasury stock will be:

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Net shares added will be:

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= 6667

Tge total shares for the diluted earnings per share will now be:

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The diluted earnings per share:

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alexandr402 [8]

Answer:

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