Costs Which Increase with an Increase in Output Are Called

question 80

Multiple Choice

Costs which increase with an increase in output are called

• A)fixed costs.
• B)changeable costs.
• C)variable costs.
• D)unchangeable costs.

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Definitions:

Functional Fixedness

A cognitive bias limiting a person's ability to use an object only in the way it is traditionally used, hindering creativity and problem-solving.

Familiar Object

An item that is readily recognized by an individual due to previous exposure or significance, evoking a sense of comfort or nostalgia.

Novel Way

An original or unconventional method of approaching a problem or situation, offering a fresh and unique perspective.

Transformation

A thorough or dramatic change in form or appearance.