Within the Relevant Range, a Difference Between Variable Costs and Fixed

question 122

Multiple Choice

Within the relevant range, a difference between variable costs and fixed costs is:

• A) variable costs per unit fluctuate and fixed costs per unit remain constant.
• B) variable costs per unit are constant and fixed costs per unit fluctuate.
• C) both total variable costs and total fixed costs are constant.
• D) both total variable costs and total fixed costs fluctuate.

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Definitions:

Calculators

Electronic or mechanical devices designed to perform mathematical operations, ranging from basic calculations to complex computations.

Export

The act of sending goods or services from one country to another country for sale or trade.

Jamaica

An island country situated in the Caribbean Sea, known for its rich culture, music, and scenic beauty.

Trade Policy

A government's strategy regarding international trade, affecting how goods and services move across borders through tariffs, trade agreements, and regulations.