Which of the Following Costs Will Change When the Level

question 22

Multiple Choice

Which of the following costs will change when the level of business activity changes?

• A)Total fixed costs
• B)Variable cost per unit
• C)A company's total costs
• D)Sunk cost

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Definitions:

Excludable

An excludable good is one from which individuals can be prevented from using if they do not pay for it.

Rival In Consumption

A characteristic of a good or service that means its consumption by one individual prevents simultaneous consumption by another individual.

Private Good

A product or service that is consumed by one individual without providing benefit to others and is subject to exclusion and rivalry.

Fish Fillet

A piece of fish that has been cut or sliced away from the bone, often prepared as a food item.