A Company Has a Cost That Is $7

question 130

Multiple Choice

A company has a cost that is $7.00 per unit at a volume of 10,000 units and $5.00 per unit at a volume of 14,000 units.What type of cost is this?

• A)Fixed costs
• B)Variable costs
• C)Mixed costs
• D)Incremental costs

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Definitions:

Implied Agreement

A contract formed by actions of the parties that indicate a mutual intent to agree, rather than through written or spoken words.

Partnership Term

The duration or length of time during which a partnership agreement is effective or operational.

Personal Debts

Financial obligations or amounts owed by individuals as opposed to businesses or governments.

Supposed To Dissolve

Expected or intended to undergo dissolution or termination, often in the context of a legal entity or agreement.