Refer to the Table Above to Answer This Question

question 2

Multiple Choice

Refer to the table above to answer this question.What is the total cost of producing 100 beans?

• A)40 rice
• B)60 rice
• C)120 rice
• D)180 rice

Understand the role of economic indicators, including leading, coincident, and lagging indicators, in forecasting economic activities.

Explain the impact of changes in the price level on aggregate demand and aggregate output.

Comprehend how wealth affects consumer behavior and aggregate demand.

Understand the formation and implications of the aggregate demand and aggregate supply curves.

---

Definitions:

Contribution Margin Ratio

A measure of how a company's sales revenue contributes to covering its variable costs.

Fixed Costs

Expenses that do not change in total volume with changes in the level of business activity, such as rent or salaries.

Contribution Margin Ratio

A financial ratio that measures how much of each sale is available to cover fixed costs after variable costs have been paid.

Variable Costs

Charges that fluctuate in relation to the volume of business activities or production levels.