Which of the Following Costs Will Not Change as Output

question 124

Multiple Choice

Which of the following costs will not change as output changes?

• A)marginal cost
• B)total variable cost
• C)average variable cost
• D)average fixed cost
• E)total fixed cost

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Definitions:

Suspending

Temporarily halting or delaying an activity, process, or privilege, often until specific conditions are met.

Collective Agreements

Legally binding contracts between employers and workers' representatives (often unions) setting out terms of employment, wages, and workplace conditions.

Common Law

A legal system based on custom, tradition, and court decisions, as opposed to statutory laws.

Material Change Report

A document filed by publicly traded companies to disclose any changes that could be considered important to shareholders or the market.