While the Number of Containers Transported Internationally Has Decreased, the Cost

question 88

True/False

While the number of containers transported internationally has decreased, the cost of transportation has increased dramatically.

---

Definitions:

Fixed Costs

Costs that do not vary with the level of production or business activity.

Quantity of Output

The total amount of goods or services produced by a company, sector, or economy within a specified period.

Costs

The expenditure incurred by a business in the process of producing or providing goods or services.

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor costs.