Management Gets Two Numbers (Price and Quantity) from One Decision

question 179

Multiple Choice

Management gets two numbers (price and quantity) from one decision because

• A)the marginal utility of goods is fixed.
• B)producers use both technical and financial information.
• C)the demand curve consists of price and quantity pairs.
• D)the average cost curve has only one low point.

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Definitions:

Sales Dollars

The total revenue generated from the sale of goods or services, typically reported in a company's financial currency.

Service Department Costs

Expenses related to the departments that support the main operations of a business but do not directly generate revenue, such as human resources or maintenance.

Allocating

The process of assigning costs or resources among various projects, departments, or segments.

Predetermined

Established in advance or determined beforehand.