The Mode of Transportation Which Has the Lowest Variable Cost

question 44

Multiple Choice

The mode of transportation which has the lowest variable cost is

• A)trucks.
• B)rail.
• C)air.
• D)pipeline.

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Definitions:

Supply Curve

A graph that represents the relationship between the price of a good or service and the quantity of it that suppliers are willing to produce at various prices.

Personal Computers

Electronic devices designed for individual use, capable of executing a set of instructions and processing data.

Fabric

A material made from fibers, threads, or yarns, used for producing clothing, household items, and other textiles.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a seller is willing and able to supply in the market.