Which Statement Best Describes How Fixed and Variable Costs Behave

question 115

Multiple Choice

Which statement best describes how fixed and variable costs behave per unit and in total?

• A)Both costs are constant when considered on a per-unit basis.
• B)Both costs are constant when considered on a total basis.
• C)Fixed costs are constant in total and variable costs are constant per unit.
• D)Variable costs are constant in total and fixed costs are constant per unit.

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Definitions:

Sociologists

Professionals who study society and social behavior by examining the groups, cultures, organizations, social institutions, and processes that people develop.

Formative Experiences

Refers to significant events, stages, or interactions in an individual's early life that play a crucial role in shaping their character, beliefs, and behavior.

Age Stratification

The hierarchical ranking and division of society into groups based on age, affecting access to resources and power.

Age Cohort

A group of individuals who share a similar age, allowing for statistical analyses and comparisons within a population.