Consider the Following Cost Data for the Cost Object; Number

question 3

Multiple Choice

Consider the following cost data for the cost object; number of machine setups. Each set of costs (A, B, and C) is from a different type of manufacturing operation and represents the cost behaviour for the cost of that company's machine setups.
Number of $\begin{array}{lrrr}\text { Machine Setups }& \text { Cost A } & \text { Cost } \mathrm{B} &\operatorname{Cost} \mathrm{C}\\\hline0& \$ 5 & \$ 80 & \$ 5 \\10 & 20 & 79 & 37 \\20 & 40 & 82 & 66 \\30 & 60 & 78 & 91 \\40 & 80 & 81 & 123 \\50 & 100 & 79 & 154\end{array}$
Cost B is best described as:

• A) Fixed
• B) Variable
• C) Mixed
• D) Discretionary

Comprehend the Malthusian theory and its relevance to contemporary economies.

Identify the factors that have slowed productivity growth in the last 30 years.

Explain the components of gross savings.

Understand how Malthusian theory applies to population growth and its limitations.

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