Match Each of the Following Costs with the Appropriate Classification

question 141

Short Answer

Match each of the following costs with the appropriate classification (a-e).​
-Insurance on factory building
A)Product cost - direct materials
B)Product cost - direct labor
C)Product cost - factory overhead
D)Period cost - selling expense
E)Period cost - administrative expense

• A)Product cost - direct materials
• B)Product cost - direct labor
• C)Product cost - factory overhead
• D)Period cost - selling expense
• E)Period cost - administrative expense

Calculate the profit-maximizing output and price for monopolists and firms in oligopolistic competition.

Distinguish between different market equilibriums: Cournot, collusion, and competitive.

Recognize characteristics of oligopolistic markets and how they differ from other market structures.

Apply the Stackelberg model to understand strategic advantages in sequential decision-making.

---

Definitions:

Autonomy

The ability to independently make a knowledgeable, voluntary choice.

Foolish Conformity

The act of aligning one's thoughts or actions with a group's norms or expectations in a way that is considered thoughtless or without critical examination.

Peer Pressure

The influence exerted by a peer group, encouraging individuals to change their attitudes, values, or behaviors in order to conform to group norms.

Belongingness Needs

A psychological condition highlighted in Maslow's hierarchy of needs, where individuals seek acceptance, affection, and affiliation with groups.