Answer:
C. Citizens have more wants than they can fulfill with their available resources.
Explanation:
Correct for APEX
Answer:
a. Differential revenue = $18 per pound
Explanation:
Differential revenue refers to additional revenue per unit.
Current revenue per unit = $20 - $15.75 = $4.25 per unit on Product J
When it will be further processed to form Product D
Net proceeds to be realized from each unit of product D = $38
Net revenue = $38 - $24.30 = $13.7
Additional or differential revenue = $38 - $20 = $18 per unit
As for $20 selling price the revenue was recognized earlier now additional revenue = $38 - $20 = $18 per pound
Note: Revenue is the proceeds from sale and not the net profit.
Differential revenue = $18 per pound
Lender
which is usually the bank
