Costs Incurred by a Firm When It Changes Its Prices

question 60

Multiple Choice

Costs incurred by a firm when it changes its prices are called ________ costs.

• A) opportunity
• B) fixed
• C) menu
• D) variable
• E) advertising

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Definitions:

Chondroblasts

Cells that produce the matrix of cartilage and eventually become chondrocytes, which are responsible for the maintenance of cartilage.

Chondrocytes

Cells found within cartilage tissue, responsible for maintaining the cartilaginous matrix.

Chondrocytes

Cells that are found in cartilage tissue and are responsible for the synthesis and maintenance of the cartilaginous matrix.

Lacunae

Small spaces within bone or cartilage tissue that house cells.