Economists Measure the Degree to Which Consumers Win When Walmart

question 22

Multiple Choice

Economists measure the degree to which consumers win when Walmart comes to a city by looking at changes to

• A)consumer spending.
• B)consumer surplus.
• C)elasticity of demand.
• D)producer surplus.

---

Definitions:

Activity-based Costing

A method of allocating indirect costs to products or services based on the activities that generate those costs.

Allocation Rate

A ratio or rate used to distribute overhead or indirect costs to various cost objects based on relevant criteria.

Setups

The preparation and adjustment processes required to make equipment ready for production or to switch production from one item to another, often involving significant time and cost.

Washing Mitt

A glove-like tool designed for washing surfaces, often used in car detailing and household cleaning.