Which of the Following Represents Total Variable Costs

question 39

Multiple Choice

Which of the following represents total variable costs?

• A)v
• B)vX
• C)f + vX
• D)f
• E)None of the answer choices is correct.

---

Definitions:

Standard

An established measure or model used for comparison in assessing the quality, quantity, or value of something.

Criterion

A standard or principle by which something is judged or decided.

Economic Efficiency

A situation in which resources are allocated in the most beneficial way from the perspective of society, where no one can be made better off without making someone else worse off.

Benefits

Advantages or financial assistance received from employment, government, or insurance, aimed at improving individuals’ well-being.