Which of the Following Is the Term for a Cost

question 127

Multiple Choice

Which of the following is the term for a cost that changes in total in direct proportion to a change in volume?

• A) Fixed cost
• B) Variable cost
• C) Mixed cost
• D) Sunk cost

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Definitions:

Volume Of Imports

Refers to the total quantity of goods and services brought into a country from abroad over a specific period of time.

Oranges In South Africa

Refers to the cultivation, production, and market dynamics of oranges within the country of South Africa.

Tariff

A tax imposed by a government on goods or services imported from other countries, often used to protect domestic industries.

Domestic Producers

Refers to manufacturers and suppliers that create goods and services within a country's borders, contributing to its economy.