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?

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000