If in the Market for Bananas the Supply Curve Has

question 130

Multiple Choice

If in the market for bananas the supply curve has shifted to the right,then

• A)the supply of bananas increased.
• B)the quantity of bananas supplied has increased.
• C)the supply of bananas has decreases.
• D)the quantity of bananas supplied has decreased.

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Definitions:

Activity

A measure of actions or operations within a process, often used to allocate costs in activity-based costing.

Per Unit

A term referring to the cost, price, or quantity related to one unit of a product or service.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.

Variable Production Expense

Costs that vary directly with the level of production, including raw materials and direct labor costs.