The Table Given Below Represents the Supply Schedules of the Only

question 73

Multiple Choice

The table given below represents the supply schedules of the only three DVD producers in the market for DVDs. Table 3.2
According to Table 3.2, if the supply schedules 1, 2, and 3 are the market supply schedules for DVDs in three different time periods, what could explain the change from the Supply 1 schedule to the Supply 2 schedule?

• A)A decrease in the price of DVDs
• B)A decrease in the cost of DVD players
• C)A change in consumer preferences
• D)A change in the average income of consumers
• E)An increase in the cost of producing DVDs

Understand the concept and applications of flextime work schedules.

Analyze motivation theories through practical examples.

Propose suitable programs to enhance wellness and job satisfaction.

Grasp the impact of participative management practices on organizational outcomes.

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Definitions:

Variable Manufacturing Overhead

The portion of manufacturing overhead costs that varies with production volume.

Opportunity Cost

The value of the best alternative foregone as a result of making a decision, representing the benefit that could have been gained from the next best choice.

Fixed Manufacturing Cost

This refers to the consistent expenses incurred by a company for its manufacturing operations, excluding variable costs; it includes costs like rent, salaries of permanent staff, and depreciation of factory equipment.

Variable Manufacturing Cost

Costs that vary directly with the level of production output, such as raw materials and direct labor.