An Increase in the Level of Activity Will Have the Following

question 72

Short Answer

An increase in the level of activity will have the following effects on unit costs for variable and fixed costs: Unit Variable Cost $\quad$$\quad$ Unit Fixed Cost
a. Increases $\quad$$\quad$$\quad$$\quad$$\quad$ Decreases
b. Remains constant $\quad$$\quad$ Remains constant
c. Decreases $\quad$$\quad$$\quad$$\quad$ Remains constant
d. Remains constant $\quad$$\quad$ Decreases

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Definitions:

Enforceable

Pertaining to a contract or legal obligation, this term indicates that the agreement is legally valid and can be upheld in a court of law.

Genuinely Agreed

Describes a situation where parties involved in an agreement or contract have a mutual understanding and acceptance of the terms without duress or deception.

Unilateral Mistake

A mistake that occurs when one party to a contract is mistaken as to a material fact.

Relief

Aid or assistance offered to alleviate hardship or distress in various contexts, such as financial relief or emergency relief efforts.