If Output Increases

question 85

Multiple Choice

If output increases

• A) per-unit fixed cost will increase.
• B) total variable costs will increase.
• C) per-unit variable costs will increase.
• D) per-unit variable costs will decrease.

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Definitions:

No-fault Insurance

An auto insurance policy where claims are paid without regard to fault, meaning your insurer will pay for your damages regardless of who caused the accident.

Medical Expenses

Costs incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, and for treatments affecting any part or function of the body.

Insurance Premiums

Regular payments made to an insurance company to maintain coverage of a policy.

Regular Premium

Periodic payments made for an insurance policy.