As Volume Changes, Which of the Following Items Do Not

question 63

Multiple Choice

As volume changes, which of the following items do not change?

• A)Total sales revenue
• B)Total variable costs
• C)Total fixed costs
• D)Total contribution margin

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Definitions:

Antitrust Law

Legislation aimed at preventing anti-competitive practices, monopolies, and fostering fair competition in the market.

Product Price

The financial cost at which a good or service is sold to consumers in the market.

Deregulation

The removal of most or even all of the government regulation and laws designed to supervise an industry. Sometimes undertaken to combat regulatory capture.

Industrial Regulation

Government policies aimed at regulating the operations of industries to prevent unfair practices and ensure competition.