-Refer to the Graph Above to Answer This Question

question 10

Multiple Choice

-Refer to the graph above to answer this question.Which of the following statement is correct?

• A)Both ab and ac represent a decrease in supply.
• B)Both ab and ac represent a decrease in the quantity supplied.
• C)While ac represents a decrease in supply,ab represents a decrease in demand.
• D)While ac represents a decrease in supply,ab represents a decrease in the quantity demanded.

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Definitions:

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Expected Monetary Value

A decision-making technique in project management that calculates the average outcome when the future includes scenarios that may or may not happen.

Manufacturing Alternatives

Different methods or approaches available to produce a product, often evaluated based on cost, quality, and efficiency.