The Long-Run Aggregate Supply Curve Shifts Right If

question 58

Multiple Choice

The long-run aggregate supply curve shifts right if

• A)immigration from abroad increases.
• B)the capital stock increases.
• C)technology advances.
• D)All of the above are correct.

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Definitions:

Departmental Predetermined Overhead Rates

Overhead rates set for specific departments based on estimated costs and activities, used to allocate overhead costs more accurately to products.

Machine-Hours

refers to the total time that production equipment is operated during a specific period, used as a basis for allocating manufacturing overhead.

Assembly Department

A segment within a manufacturing facility where parts are put together to form a finished product.

Predetermined Overhead Rate

is an estimated rate used to allocate manufacturing overhead costs to individual products or job orders based on a specific activity base.