What Type of Cost Is Incurred When a Project Must

question 1

Multiple Choice

What type of cost is incurred when a project must be conducted faster than normal,and overtime for workers and / or extra charges for rapid delivery from suppliers are necessary? 

• A) marginal costs 
• B) expedited costs 
• C) nonrecurring costs 
• D) variable costs.

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Inverse Demand Function

A function that expresses the price of a good or service as a function of the quantity demanded, typically used in economics to determine pricing strategies.

Tax Imposed

A financial charge or levy placed by a government on individuals, transactions, or properties to raise revenue.

Grapefruit

A large, yellowish citrus fruit with a somewhat bitter and sour taste.