If the Number of Suppliers in the Microcomputer Industry Increases

question 51

Multiple Choice

If the number of suppliers in the microcomputer industry increases, what would we expect to happen?

• A)The number of microcomputers sold will fall.
• B)The price of microcomputers will rise.
• C)The supply curve will shift left.
• D)Movement along the demand curve will occur.

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Definitions:

Underapplied

A term used in accounting when the allocated costs are less than the actual costs incurred.

Manufacturing Overhead

All indirect costs associated with the production process, including but not limited to utilities, maintenance, and depreciation on equipment.

Actually Incurred

Costs or expenses that have been realized or expended, as opposed to estimated or projected costs.

Cost of Goods Manufactured

The total cost incurred by a company to produce goods during a specific period, including costs of materials, labor, and overhead.