Which One of the Following Statements Is Not True

question 49

Multiple Choice

Which one of the following statements is not true?

• A)Total fixed costs remain the same regardless of volume within the relevant range.
• B)Total variable costs change with volume.
• C)Total variable costs decrease as the volume increases.
• D)Fixed costs per unit increase as the volume decreases.
• E)Variable costs per unit remain the same regardless of the volume.

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Definitions:

Camel Cigarette

A brand of cigarettes that was originally developed by the R.J. Reynolds Tobacco Company in the United States, known for its distinct packaging and marketing.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.

Advertisers

Entities that promote goods, services, or ideas through various media to persuade potential customers to respond or buy.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over another, reflecting a preference based on perception of the brand's value.