As Output Increases, Variable Costs Per Unit Are

question 34

Multiple Choice

As output increases, variable costs per unit are:

• A)semi-fixed.
• B)constant.
• C)variable.
• D)proportional to total costs.

---

Definitions:

Sequential Entry

A market entry strategy where businesses or competitors enter a market one after another, as opposed to entering simultaneously.

Marketing Rights

The permissions or licenses purchased or acquired by entities to promote, sell, or distribute a product or service.

Dutch Auction

Auction in which a seller begins by offering an item at a relatively high price, then reduces it by fixed amounts until the item is sold.

Winner's Curse

A situation in auctions where the winner tends to overpay due to overly optimistic valuation of the item.