​The Following Graph Shows the Demand and Supply Curves of a Resource

question 49

Multiple Choice

​The following graph shows the demand and supply curves of a resource. The opportunity cost of the resource in equilibrium is represented by the area _____. Figure 11.5

• A)odeh
• B)gfeh
• C)dcf
• D)bed
• E)bed + odeh

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Definitions:

Activity Base

A measure used to allocate costs to products or services, based on the amount of activity or volume of services or products that incur those costs.

Service Departments

Units within an organization that support the main production or operational departments but do not directly generate revenue.

Investment Turnover

A ratio that measures the efficiency of a company in generating sales from its investments.

Invested Assets

Assets in which money has been spent to acquire or improve, intended to generate income or profit.