Why is the supply curve referred to as a marginal cost curve?

a. it shows the willingness of consumers to purchase a product at different prices.

b. it shows the difference between the lowest price a firm would be willing to accept and the marginal cost of production.

c. it shows the price producers actually receive in the market.

d. it shows the willingness of firms to supply a product at different prices.

e. it shows the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to accept?

The law of demand is the assertion that ?

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000