Which One of the Following Statements Related to Variable Costs

question 119

Multiple Choice

Which one of the following statements related to variable costs is correct?

• A) Variable costs fluctuate over the long-term but remain constant over the short-term.
• B) An increase in the variable cost per unit increases the contribution margin.
• C) Variable costs change only when the quantity is varied by at least five percent.
• D) When production is halted, the variable costs of a project equal zero.
• E) The variable cost per unit is equal to the marginal cost at any level of output.

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Definitions:

Political Polls

Surveys or inquiries designed to measure public opinion or preferences regarding political issues or candidates.

Survey Research

A research method involving the collection of data from a predefined group of respondents to gain information and insights on various topics of interest through questionnaires or interviews.

Major Elections

Elections that are of significant national or regional importance, typically involving the choice of top government officials such as presidents, governors, or major legislative bodies.

Correlational Research

A type of non-experimental research method used to identify associations or relationships between two or more variables, without determining cause and effect.