An Activity Cost Driver Is

question 24

Multiple Choice

An activity cost driver is

• A)a factor that causes variations in a cost.
• B)another term for input measure.
• C)the largest single category of cost in a company.
• D)a variable cost.

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Definitions:

Equilibrium Price

The price point at which the quantity of goods supplied equals the quantity of goods demanded, leading to a stable market condition.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance and no excess supply or demand.

Equilibrium Quantity

The quantity of goods or services supplied equals the quantity demanded at the market equilibrium price.