If the Total Variable Cost Curve Is a Straight Line

question 19

Multiple Choice

If the total variable cost curve is a straight line then the

• A)total cost curve will also be a straight line.
• B)total cost curve may or may not be a straight line.
• C)marginal cost function is downward sloping.
• D)marginal cost function is upward sloping.

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Definitions:

Sales

The total amount of a company's revenues earned from selling goods or services.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the efficiency of a company in managing its labor and supplies in the production process.

Sales

Revenue generated from goods or services sold by a company during a specific period.