- the Above Figure Shows the Market for Laptops. Which of of the Following

question 120

Multiple Choice

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The above figure shows the market for laptops. Which of the following causes a movement from B To A?

• A)an increase in the price of laptops
• B)an increase in the number of laptop manufactures and sellers
• C)an increase in the cost of hard drives
• D)a decrease in the price of laptops
• E)an increase in the productivity of the workers manufacturing laptops

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Definitions:

Contribution Margin

The gap between a product's sales revenue and its variable expenses, which serves to offset fixed costs and produce earnings.

Variable Cost

Expenses that adjust in direct correlation with changes in production or sales levels.

Fixed Costs

Expenses that do not change with the level of production or sales activities within a certain range, such as rent, salary, insurance, and loan payments.

Break-even Point

The break-even point is the level of production or sales at which total revenues equal total costs, resulting in no net profit or loss.