Variable Costs

question 244

Multiple Choice

Variable costs

• A)are fixed per unit and vary in total as production levels change.
• B)are fixed in total as production levels change.
• C)decrease per unit as production volume increases.
• D)vary per unit of output as production levels change.

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Definitions:

First Nation

A term used in Canada to refer to indigenous peoples, specifically those that are not Inuit or Métis.

Hispanic

A term used to describe people, cultures, or countries historically linked to Spain, especially those countries or regions colonized by Spain in the Americas.

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A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy, most notably through the decennial census.

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