If the Level of Activity Increases

question 41

Multiple Choice

If the level of activity increases,

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

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Definitions:

Commonwealth Vs. Hunt

A landmark 1842 Massachusetts Supreme Court case that ruled labor unions and strikes were lawful.

Railway Labor Act

A United States federal law that was originally enacted in 1926 to replace the existing dispute resolution mechanisms in the railway industry with a more effective and formal process.

National Industrial Recovery

A component of the U.S. New Deal in the 1930s aimed at stabilizing and reviving the economy by regulating industry, labor standards, and encouraging collective bargaining.

Agrarian Society

A community whose economy is based on producing and maintaining crops and farmland.