Which of the Statements Is Correct

question 19

Multiple Choice

Which of the statements is correct?

• A) In the short term direct labour costs may be more like fixed costs
• B) In the long run most fixed costs behave more like variable costs
• C) If production is to increase above existing production capacity , then fixed costs will have to increase
• D) All of the above statements are correct

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Definitions:

Immanuel Kant

An 18th-century German philosopher whose work in epistemology, ethics, and aesthetics had a profound influence on modern philosophy.

Sensory Information

Data received through the senses (sight, sound, touch, taste, and smell) that informs an individual about their environment.

Receptive Fields

Specific areas within the sensory nervous system that, when stimulated, affect the activity of neurons.

Preexisting Categories

Cognitive classifications or groups that an individual has already formed before encountering new information, which helps in organizing and assimilating new data.