Which Type of Cost Is Does NOT Change as the Quantity

question 276

Multiple Choice

Which type of cost is does NOT change as the quantity of output produced changes?

• A) total cost
• B) average cost
• C) fixed cost
• D) marginal cost

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Definitions:

Graph

A graphic representation illustrating the framework of associations or linkages between several entities by utilizing unique elements such as dots, lines, and bars.

Quadrilateral

A polygon with four edges (or sides) and four vertices (or corners).

Vertices

Vertices are points where two or more curves, lines, or edges meet.

Linear Inequalities

Inequalities involving linear expressions, which can graphically represent regions of the coordinate plane.