A Variable Cost in Total

question 112

Multiple Choice

A variable cost in total

• A) increases as output increases and decreases as output decreases.
• B) increases as output increases and/or decreases.
• C) remains constant no matter the level of output.
• D) increases as output decreases and decreases as output increases.

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Definitions:

Convergent Thinking

A cognitive process where the focus is on finding a single, correct solution to a problem, narrowing down the available options.

Divergent Thinking

A thought process used to generate creative ideas by exploring many possible solutions.

General Trait

A characteristic or quality that can be considered a defining attribute of an individual across a wide range of situations.

Correlation

A measure that describes the extent to which two variables change together, but does not necessarily indicate that one causes the other to occur.