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:

Free Speech

The right to express any opinions without censorship or restraint.

Discriminate

The unfair treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation rather than merit.

Homosexuals

Individuals who are sexually attracted to people of the same sex.

Job Opportunities

Available positions of employment where individuals can apply to work in different fields or industries.