Some Costs Do Not Vary with the Quantity of Output

question 321

Multiple Choice

Some costs do not vary with the quantity of output produced. Those costs are called

• A)marginal costs.
• B)average costs.
• C)fixed costs.
• D)explicit costs.

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Definitions:

Metatarsals

The five long bones located in the midfoot, linking the ankle to the toes.

Tarsals

Bones of the ankle.

Ethmoid

refers to a porous bone located between the eyes that forms part of the nasal cavity and the orbits.

Sphenoid

A bone that forms part of the floor of the cranium.