The Sum of Fixed and Variable Costs Is _____ Cost

question 329

Multiple Choice

The sum of fixed and variable costs is _____ cost.

• A) total
• B) marginal
• C) variable
• D) average

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Definitions:

Conventional Thinking

A mode of thought based on accepted norms and standards, often contrasted with creative or critical thinking approaches.

Transitivity

A principle in logic and mathematics stating that if a relation holds between a first and a second element, and also between the second and a third, it must necessarily hold between the first and the third.

Conservation

The act of preserving, protecting, or restoring the natural environment and wildlife.

Class Inclusion

Class inclusion is a cognitive ability to understand that a specific item can belong to a broader category as well as to a more specific subcategory at the same time, a concept extensively studied by Jean Piaget.