Asupply curve a. tells us the lowest price at which someone is willing to sell tells us the lowest price at which someone is willing to sell b. tells us the minimum minimum that someone is willing to pay for an additional unit of a good or service c. tells us that marginal cost decreases as the quantity tells us that marginal cost decreases as the quantity purchased increases purchased increases d. shows us that the highest price that someone is willing to pay for an additional unit of a good or service falls as the quantity decreases falls as the quantity decreases

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.