Which of the Following Statements Is TRUE About Fixed and Variable

question 38

Multiple Choice

Which of the following statements is TRUE about fixed and variable costs?

• A)Both costs are constant when considered on a per-unit basis.
• B)Both costs are constant when considered on a total basis.
• C)Fixed costs are constant in total and variable costs are constant per unit.
• D)Variable costs are constant in total and fixed costs are constant per unit.

Comprehend the concept and application of STR analysis in DNA.

Appreciate the significance of non-coding DNA regions and their patterns.

Calculate the probability of specific DNA patterns in the population.

Understand the concept of genetic variation and frequency.

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating how sensitive consumers are to price changes.

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Relatively Inelastic

Describes a situation where the demand or supply for a good or service changes only slightly in response to changes in price.

Price Elastic

Refers to a situation where the demand or supply for a product or service significantly changes in response to its price change.