Which of the Following Is a Determinant of Market Supply

question 148

Multiple Choice

Which of the following is a determinant of market supply but not the supply curve of an individual firm?

• A)The price of factor inputs.
• B)Expectations.
• C)The number of firms in the market.
• D)Technology.

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Definitions:

Allocation Bases

Allocation bases are criteria or standards used to distribute costs among different departments, activities, or products in a company.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the loss in value due to wear and tear, deterioration, or obsolescence.

Rent Expense

The cost incurred by a company for using or occupying property, buildings, or equipment, recognized as an expense in the income statement.

Square Feet

A measurement of area used primarily in the United States, equivalent to the area of a square with sides of one foot.