The Rapid Advance in Computer Technology Is One of the Reasons

question 186

Multiple Choice

The rapid advance in computer technology is one of the reasons given for the shift of the

• A)aggregate demand curve outward.
• B)aggregate supply curve inward.
• C)aggregate supply curve outward.
• D)total expenditures curve upward.

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Definitions:

Outputs

The final products or results generated by a system, process, or activity.

Contribution Margin Ratio

A financial metric indicating the portion of sales revenue that exceeds variable costs and contributes to covering fixed costs and generating profit.

Total Sales Revenue

The total income generated from selling goods or services before any expenses are subtracted.

Selling Price

The amount of money for which a product or service is sold to the customer, including all applicable costs and markup.