The Difference Between a Supply Schedule and a Supply Curve

question 76

Multiple Choice

The difference between a supply schedule and a supply curve is that a supply schedule

• A)incorporates demand and a supply curve does not.
• B)incorporates profit and a supply curve does not.
• C)can shift,but a supply curve cannot shift.
• D)is a table,and a supply curve is drawn on a graph.

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Definitions:

Fixed Costs

Fixed costs, including expenses like leasing fees, employee payments, and insurance, are unaffected by variations in manufacturing or sales volumes.

Manufacturing Cost Schedule

A detailed report outlining the total cost associated with producing a product, including direct labor, direct materials, and overhead costs.

Relevant Range

The range of activity within which the assumptions about variable and fixed cost behavior hold true.

Laser Printers

Printers that produce high-quality text and graphics by using a laser beam to transfer toner to paper.