Which of the Following Is Not Considered a Factor That

question 66

Multiple Choice

Which of the following is not considered a factor that influences supply?

• A)Technology.
• B)Production taxes and subsidies.
• C)The number of buyers.
• D)Resource prices.

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Definitions:

Collude

To come to a secret understanding for a harmful purpose; often refers to competitors agreeing on prices or market shares to gain an advantage.

Annual Fixed Cost

Regular expenses incurred by a business or individual that do not vary with production level or output within a year.

Marginal Cost Curve

A graphical representation showing the change in total cost that comes with producing one more unit of an item.

Marginal Revenue Curve

A graph showing how marginal revenue varies as output quantity changes, important for understanding profit maximization.