If the Quantity of Housing Demanded ________ the Quantity of Housing

question 224

Multiple Choice

If the quantity of housing demanded ________ the quantity of housing supplied,scarce housing resources are allocated efficiently because the marginal cost of the housing ________ the marginal benefit.

• A) is more than; equals
• B) is less than; equals
• C) equals; is more than
• D) equals; is less than
• E) equals; equals

---

Definitions:

Fixed Manufacturing Overhead

Indirect production costs that remain constant regardless of the level of production, such as rent, salaries of managerial staff, and property taxes.

Dropping Product

The decision made by a company to discontinue producing and selling a specific product due to factors like poor sales, strategic realignment, or cost inefficiency.

Financial Advantage

Refers to the benefits gained in financial terms, often seen as an edge over competitors or a favorable position in the market.

Special Order

A one-time customer order often involving a large quantity and possibly requiring adjustments to standard pricing or production processes.