Which of the Following Is a Characteristic of a Fixed

question 55

Multiple Choice

Which of the following is a characteristic of a fixed cost?

• A)The total cost remains constant,regardless of changes in the level of activity.
• B)The cost per unit varies inversely with changes in the level of activity.
• C)Both that the total cost remains constant,regardless of changes in the level of activity and that the cost per unit varies inversely with changes in the level of activity.
• D)Neither that the total cost remains constant,regardless of changes in the level of activity nor that the cost per varies inversely with changes in the level of activity.

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Definitions:

U.S. Steel

An integrated steel producer with major production operations in the United States and Central Europe.

Billion Dollars

A unit of currency measurement equal to 1,000 million dollars, often used to denote significant economic, corporate, or governmental financial transactions.

Anti-trust Case

Legal proceedings aimed at stopping or regulating companies to prevent monopoly practices and promote competitive markets.

Interstate Commerce

Refers to the purchase, sale or exchange of commodities, transportation of people, money or goods, and navigation of waters between different states.