Samuel's company is in the following situation:
What is the price at Samuel's company?
$$\begin{array} { | l | l | l | l | l | }
\hline \text { Total cost } & \begin{array} { l }
\text { Total } \
\text { revenue }
\end{array} & \begin{array} { l }
\text { Direct } \
\text { financial cost }
\end{array} & \begin{array} { l }
\text { Implicit } \
\text { opportunity } \
\text { cost }
\end{array} & \text { Quantity } \
\hline \$ 102,000 & \$ 142,000 & \$ 40,000 & \$ 62,000 & 7,100 \
\hline
\end{array}$$
A)$14.37
B)$5.63
C)$34.37
D)$20.00

Question

Samuel's company is in the following situation:
What is the price at Samuel's company?
$$\begin{array} { | l | l | l | l | l | } 
\hline \text { Total cost } & \begin{array} { l } 
\text { Total } \
\text { revenue }
\end{array} & \begin{array} { l } 
\text { Direct } \
\text { financial cost }
\end{array} & \begin{array} { l } 
\text { Implicit } \
\text { opportunity } \
\text { cost }
\end{array} & \text { Quantity } \
\hline \$ 102,000 & \$ 142,000 & \$ 40,000 & \$ 62,000 & 7,100 \
\hline
\end{array}$$
A)$14.37
B)$5.63
C)$34.37
D)$20.00

Quizplus · Accepted Answer

The price is calculated by dividing the total revenue by the quantity: $142,000 / 7,100 = $20.00.

Samuel's Company Is in the Following Situation: What Is the Price

Samuel's Company Is in the Following Situation:
What Is the Price