-In the Above Figure,the Shift in the Supply Curve from S

question 176

Multiple Choice

-In the above figure,the shift in the supply curve from S to S? might reflect

• A) a decrease in the cost of the tomato sauce used to produce pizza.
• B) a decrease in the number of pizza producers.
• C) an increase in the price of a pizza.
• D) an increase in income if pizza is a normal good.
• E) an increase in the price of a good that is a substitute for consumers.

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Definitions:

Employee Turnover

The rate at which employees leave a company and are replaced by new employees.

Contribution Margin

The difference between the sales revenue of a product and its variable costs, used to cover fixed expenses and contribute to profits.

Incremental Analysis

A decision-making technique that evaluates the financial consequences of making one more unit of a product or entering a new market.

Relevant Costs

Those costs and revenues that differ across alternatives.