Which of the Following Costs Will Not Change as Output

question 124

Multiple Choice

Which of the following costs will not change as output changes?

• A)marginal cost
• B)total variable cost
• C)average variable cost
• D)average fixed cost
• E)total fixed cost

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Definitions:

Profit-Maximizing

The process or strategy of adjusting production and operation methods to achieve the highest possible profit.

Loss-Minimizing

A strategy or approach aimed at reducing the financial losses of a business or economic activity to the lowest possible level.

Level of Output

The total quantity of goods and services produced by an economy or a firm in a given period.

Most Efficient Level

The point at which a process or system operates at maximum productivity with the least waste of resources, often sought in production, energy use, and economic activities.