An Improvement in Technology Would Result In

question 139

Multiple Choice

An improvement in technology would result in:

• A) upward shifts of MC and reductions in output.
• B) upward shifts of MC and increases in output.
• C) downward shifts of MC and reductions in output.
• D) downward shifts of MC and increases in output.
• E) increased quality of the good, but little change in MC.

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Definitions:

Volume Variance

The difference between the expected volume of production or sales and the actual volume, affecting budgeting and costing.

Overhead Variances

The difference between the actual overhead costs incurred and the standard overhead costs expected for the level of activity.

Critical Part

A component or element within a system or machine that is essential for its operation or performance.

Commercial Airline Seats

The seats available for passengers on commercial aircraft, varying in comfort and amenities across different classes such as economy, business, or first class.