All Else Being Equal,if Sales Revenue Doubles,variable Costs Will

question 130

Multiple Choice

All else being equal,if sales revenue doubles,variable costs will:

• A)decrease in total.
• B)increase in total.
• C)decrease on a per unit basis.
• D)increase on a per unit basis.

Distinguish between economic and accounting profits by understanding the inclusion of implicit costs.

Understand the concept of opportunity cost, especially in regards to capital.

Learn the critical difference between marginal revenue vs. marginal cost, and their importance in computing a firm's total profit.

Analyze the role of explicit and implicit costs in different professional contexts to comprehend their impact on total costs and profits.