_____ Are the Result of Multiplying the Variable Costs Per

question 63

Multiple Choice

_____ are the result of multiplying the variable costs per unit by the number of units or (volume) .

• A)Total variable costs
• B)Total revenues
• C)Variable costs per unit
• D)Total costs

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Definitions:

Normative Statement

A value judgment about what ought to be, expressing opinions or assertions that cannot be tested or verified.

Positive Statement

An objective statement based on factual evidence that can be tested and validated, often describing what is, rather than what ought to be.

Microeconomics

A branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate changes in the economy such as GDP and unemployment.