​The Problem of "Double Marginalization" Is

question 45

Multiple Choice

​The problem of "double marginalization" is

• A)​The retail price being too low due to an exclusion of both manufacturer and retailer markup
• B)The retail price being too high due to an inclusion of manufacturer markup
• C)The retail price being too high due to an inclusion of both manufacturer and retailer markup
• D)​The retail price being too high due to an exclusion of retailer markup 

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Definitions:

Actual Hours Worked

This refers to the total hours an employee has been physically present and working at their job within a specific period.

Direct Labor Costs

The wages and benefits paid to employees who are directly involved in the production of goods or services.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead and the standard cost of variable overhead allocated for the actual production.

Supplies Cost

The cost associated with materials and items used in the operation or maintenance of a business or facility.