Which of the Following Costs Would Be Included as Part

question 21

Multiple Choice

Which of the following costs would be included as part of direct labor?

• A)a materials handler
• B)a cutter in the production of shelving
• C)an assembly-line supervisor
• D)a janitor

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Definitions:

Short Run

A period in economics where at least one factor of production is fixed, limiting the ability to increase output.

Aggregate Demand

Aggregate demand is the total demand for all goods and services within an economy at a given overall price level and within a given time period.

Aggregate Supply

The sum total of products and services that corporate entities in an economic environment plan to market over a fixed period.

Expected Price Level

The anticipated average price of goods and services in the economy over a future period.