The correct answer is choice D.
The Stockholders’ Equity section of the balance sheet includes stock, paid-iin capital and retained earnings.
Answer:
C. Both (i) and (ii) are true
Explanation:
Under perfect price discrimination, consumer surplus doesn't exist since the supplier is selling the good or service at the maximum price that each consumer is willing to pay. This situation maximizes supplier surplus.
Under perfect competition, both supplier and consumer surplus exist.
Since total social surplus = supplier surplus + consumer surplus, total surplus should be the same in both situations.
Answer:
Business is a commercial activity or a persons regular occupation , profession or trade.
