The Following Graph Shows the Demand Curves for Three Consumers

question 60

Multiple Choice

The following graph shows the demand curves for three consumers in the market, represented by D, D' and D''. At a price of $30, the market quantity demanded for the good will be _____ units. ​
Figure 6.10
​

• A)40
• B)60
• C)80
• D)100
• E)120

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Definitions:

Plantwide Overhead Rate

A single overhead absorption rate calculated for an entire factory, used to allocate manufacturing overhead costs to products.

Direct Labor Hours

The hours worked by employees directly involved in the production of goods or services.

Allocation Base

A criterion or standard used to distribute costs among different cost objects, such as departments, products, or projects.

Overhead Costs

Expenses not directly attributed to the production of specific goods or services, such as rent, utilities, and office expenses.