Variable Costs Are Represented Graphically As

question 52

Multiple Choice

Variable costs are represented graphically as:

• A)starting at zero and increasing as a straight line as activity increases.
• B)starting at a given point and increasing as a straight line as activity increases.
• C)a horizontal line, staying the same irrespective of the level of activity.
• D)the intersection of total costs and total revenue lines.

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Definitions:

Manifest Destiny

Phrase first used in 1845 to urge annexation of Texas; used thereafter to encourage American settlement of European colonial and Indian lands in the Great Plains and the West and, more generally, as a justification for American empire.

Economic Depression

A severe and prolonged downturn in economic activity characterized by significant decline in GDP, high unemployment, low spending, and deflation.

Mississippi River

One of the longest rivers in North America, flowing from northern Minnesota to the Gulf of Mexico, and historically significant as a major transport route for trade, especially during the 19th century.

Santa Fe Trail

A historic trade route connecting Franklin, Missouri, with Santa Fe, New Mexico, used during the 19th century.