$\text { TABLE } 10-1$ -Refer to Table 10- 1

question 36

Multiple Choice

$\begin{array}{|l|l|}\hline\text { Price } & \begin{array}{l}\text { Quantity } \\\text { Demanded }\end{array} \\\hline \$ 8 & 5 \\\hline \$ 7 & 6 \\\hline \$ 6 & 7 \\\hline \$ 5 & 8 \\\hline \$ 4 & 9 \\\hline \$ 3 & 10 \\\hline \$ 2 & 11 \\\hline\end{array}$
$\text { TABLE } 10-1$
-Refer to Table 10- 1. For a single- price monopolist, the marginal revenue associated with increasing sales from 6 to 7 units is

• A) 4.
• B) 0.
• C) - 4.
• D) 2.
• E) - 2.

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Definitions:

Static Planning Budget

is a budget based on a fixed level of activity and does not change with actual activity levels, useful for planning but less so for performance evaluation.

Unfavorable Activity Variance

This term describes a situation where actual costs exceed the standards or budgeted amounts, leading to a negative variance.

Static Planning Budget

A budget based on a fixed level of activity, without adjusting for any variations in actual performance, useful for initial planning.

Flexible Budget

A budget that adjusts or varies with changes in the volume of activity, revenue, or other factors influencing budgeting.