A Characteristic of a Variable Cost Is

question 48

Multiple Choice

A characteristic of a variable cost is

• A)the total cost varies in proportion to changes in the level of activity.
• B)the cost per unit remains constant,regardless of the level of activity.
• C)both that the total cost varies in proportion to changes in the level of activity and that the cost per unit remains constant,regardless of the level of activity.
• D)neither that the total cost varies in proportion to changes in the level of activity nor that the cost per

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Definitions:

Spells of Unemployment

Periods during which an individual is actively searching for employment but is unable to find work.

Long-Term Unemployment

Refers to individuals who have been jobless for 27 weeks or longer while actively seeking employment during that time.

Labor-Force Participation

The ratio of the working-age group that is involved in the labor market, being either in employment or actively searching for a job.

Since 1950

A phrase indicating a time frame that starts from the year 1950 to the present, often used to denote changes or developments over that period.