Which of the Following Will Shift the Supply Curve of Good

question 101

Multiple Choice

Which of the following will shift the supply curve of good X rightward?

• A)a decrease in the wages of workers employed to produce good X
• B)an increase in the cost of capital used to produce good X
• C)an increase in the price of energy
• D)a decrease in the number of suppliers of good X
• E)the price of Y,a substitute in production for good X,rises

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Definitions:

Total Variable Cost

The total of all costs that vary directly with the level of output, such as materials and labor costs that increase as more units are produced.

Cost-Plus Pricing

An approach to pricing in which the final selling price is set by adding a predetermined markup to the cost of a single unit of the product.

Variable Manufacturing Cost

Refers to costs that vary directly with the level of production output, including materials, labor, and utility costs.

Cost-Plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's unit cost.