If Aggregated Demand Is Less Than Actual Output,unplanned Inventory ________

question 89

Multiple Choice

If aggregated demand is less than actual output,unplanned inventory ________ will cause output to ________.

• A)accumulation;rise
• B)depletion;fall
• C)depletion;rise
• D)accumulation;fall

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Definitions:

Economic Profits

The difference between total revenues and total costs, including both explicit and opportunity costs.

Profit-Maximizing Price

The price at which a company can make the highest profit, where marginal revenue equals marginal costs.

Monopoly Model

A market structure where a single firm controls the entire market supply of a product or service, facing no competition.

Price

The monetary value assigned to a product or service, determined by various factors including supply and demand, cost of production, and market competition.