Which Statement Is True

question 2

Multiple Choice

Which statement is true?

• A)All variable costs are direct costs.
• B)Because of a cost-benefit tradeoff, some direct costs may be treated as indirect costs.
• C)All fixed costs are indirect costs.
• D)All direct costs are variable costs.

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Definitions:

Baseball Cards

Collectible items featuring baseball players, teams, or events, traditionally traded and valued by enthusiasts.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period of time.

Perishable Crop

Agricultural products that have a short shelf life and can spoil or decay quickly, requiring timely sale and consumption.

Perfectly Inelastic

A situation in market demand where the quantity demanded does not change regardless of changes in the product's price.