Costs That Do Not Vary Over a Given Range of Output

question 107

Multiple Choice

Costs that do not vary over a given range of output are referred to as ____ costs.

• A)variable
• B)fixed
• C)incremental
• D)marginal

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Definitions:

Personal Modesty

A value or behavior that involves humility, avoiding excess, and maintaining privacy, especially regarding personal life and appearance.

Personal Privacy

The right of an individual to keep their personal matters and relationships confidential and free from intrusion.

Collectivist

A cultural orientation or individual preference emphasizing the importance of groups and the interdependence of its members over individualism.

Individualist

A person who prioritizes personal goals and self-reliance over group goals and interdependence.