A Unit Cost Is Computed by ________

question 63

Multiple Choice

A unit cost is computed by ________.

• A) multiplying total cost by the number of units produced
• B) dividing total cost by the number of units produced
• C) dividing variable cost by the number of units produced
• D) dividing fixed cost by the number of units produced

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Definitions:

Ecology

The branch of biology that studies the relationships between organisms and their environments.

Social Structure

The organized pattern of social relationships and social institutions that together comprise society.

Ideology

A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.

Crescive Norms

Unwritten, societal rules and behaviors that are learned implicitly through everyday social interactions.