If at a Given Volume Total Costs and Fixed Costs

question 96

Multiple Choice

If at a given volume total costs and fixed costs are known,how are the variable costs per unit computed?

• A)(Total costs - Fixed costs)/Unit volume
• B)(Total costs/Unit volume)- Fixed costs
• C)(Total costs * Unit volume)- (Fixed costs/Unit volume)
• D)Total costs - (Fixed costs/Unit volume)

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Definitions:

Aggregate Demand

Aggregate demand represents the total demand for all goods and services in an economy at a given overall price level and in a given time period.

Market Price

The current price at which a good or service can be bought or sold in a given market.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given moment.

Nitrogen Oxide

Gases produced from the reaction between nitrogen and oxygen during combustion at high temperatures, often contributing to air pollution.