​ Exhibit 2-10 ​ Person A  Good X  Good Y  200 0   150  50  100  100  50  150  0  200 ​ ​ Person B  Good X  Good Y  0 160   40   120    80  80 120  40 160  0 ​ Refer Exhibit 2-10. Which of the following statements is true?

An economy is productive efficient if it produces

If the PPF for two goods is a downward-sloping straight line, the resources used to produce those goods are equally well suited to the production of both goods.

The Floyd Company recently sold 175 units at a price of $650 per unit.  During the same time the company reported total variable costs of $85,575 and net income of $13,975. If the company’s price per unit were decreased by $35, its volume increased by 20 units and its fixed costs increased by $1,000, what would be the company’s projected net income? 

Marley Corporation started operations this month and had the following transactions: Owners invested $30,000 to start the company Purchased $2,200 of supplies Bought $3,000 of equipment on account Received $6,800 for services rendered Paid wages of $4,400 Paid dividends of $100 If the company had $1,300 of supplies at the end of the month, what was the company’s net income for the month?

In a personal budget

If a company’s cash budget indicated it would run out of cash, which of the following could help avoid that? Obtain a bank loan [response1] Purchase equipment [response2] Stagger payments for planned purchases [response3] Planned pay raise for employees [response4]

Which of the following transactions involves the exchange of a liability for an expense?

Which of the following is a period cost? Cost of a motel chain’s legal fees. [response1] Cost of tires installed on a new car by an automobile manufacturer [response2] Sales commissions paid to employees in retail store. [response3] Rent paid on the company car used by the company president. [response4]  

How would the issuance of common stock for cash affect the balance sheet?