Matching Select the Appropriate Cost Behavior for Each of the Costs

question 179

Multiple Choice

Matching
Select the appropriate cost behavior for each of the costs listed below.
-factory insurance

• A)variable
• B)fixed

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Definitions:

Downward Slope

A graphical representation indicating a decrease or decline in a variable as another variable increases, often seen in demand curves.

Production Possibility Frontier

An illustration representing the highest potential outputs for multiple goods using specific resources.

Economy Grows

The increase in the production of goods and services over a period, indicating economic health.

Outward Shift

A term often used in economics to describe a situation where a curve, such as the supply or demand curve, moves away from the origin, indicating an increase in supply or demand.