Variable Cost Is

question 110

Multiple Choice

Variable cost is

• A) 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.
• B) the sum of the expenses of the firm that change with the quantity of a product that is produced and sold.
• C) the total expense incurred by a firm in producing and marketing a product, which equals the sum of fixed cost and marginal cost.
• 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 total cost that results from producing and marketing one additional unit of a product.

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Definitions:

Collective Unconscious

A concept in Jungian psychology that refers to the part of the unconscious mind which is shared among beings of the same species and contains archetypes.

Personal Unconscious

A term in analytical psychology referring to all information that is present within an individual's mind, but not consciously acknowledged.

Preconscious

The part of the mind that contains thoughts and feelings that are not currently in consciousness but can be accessed.

Subconscious

The part of the mind not fully accessible to conscious thought but affecting behavior and emotions.