In the Month of March, Digby received orders of 170 units at a price of $15.00 for their product Dart, and in April receives an order for 43 units of their product Dart at $15.00. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 0 units in March, 170 units in April and 43 units in May. They received payment for 170 units in April, and payment for 43 units in May. 1. How much revenue is recognized on the March income statement from this order? 2. How much in the April Income statement? (Answer in thousands) a. 0 , $2,550 b. $2,550 , $638 c. $1,062 , $1,062 d. $3,188 , 0

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real