Fixed Cost Is

question 97

Multiple Choice

Fixed cost is

• A) the sum of the expenses of the firm that vary directly with the quantity of a product that is produced and sold.
• B) the total expense incurred by a firm in producing and marketing a product, which equals the sum of overhead cost and variable cost.
• C) the sum of the expenses of the firm that are stable and do not change with the quantity of a product that is produced and sold.
• D) the average amount of money received for selling one unit of a product or simply the price of that unit.
• E) the change in expenses that results from producing and marketing one additional unit of a product.

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Definitions:

Sensory Adaptation

A method where sensory detectors decrease their sensitivity to unchanging stimuli over time, enabling organisms to concentrate on environmental changes.

Motivation

The reason or reasons one has for acting or behaving in a particular way.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli, helping organisms to focus on changes in their environment.

Masking Stimuli

A process in which the perception of one stimulus (the mask) interferes with the perception of another stimulus, reducing its recognizability.