Which of the Following Is True for a Constant Cost

question 250

Multiple Choice

Which of the following is true for a constant cost industry?

• A) The total cost of producing 500 units will be the same as the total cost of producing 250 units.
• B) If 100 units can be produced for $500, then 200 units can be produced for $1,000.
• C) The demand curve and, therefore, the unit price in the industry are constant.
• D) Firms in the industry will hold output constant if the price of the product increases.

---

Definitions:

Successful Engagement

The achievement of desired outcomes from interactions or relationships with stakeholders or audiences, typically indicated by positive responses or participation.

Profitable Partnerships

Collaborations between businesses that aim to enhance profitability and achieve mutual goals.

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Legislative Factors

Elements related to the laws and regulations that can influence or impact businesses, policies, and individuals' actions.