The Cost Per Unit for Making 100 Units Is £5

question 3

Multiple Choice

The cost per unit for making 100 units is £5.But for 200 units,the cost per unit is £4.
This is an example of:

• A) A fixed cost
• B) A variable cost
• C) A semi-variable cost
• D) A stepped cost

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Definitions:

Goods

Physical items that are produced and can be bought, sold, or traded.

Sweatshop Labor

Work that is performed in poor conditions for low pay and often violates labor laws.

Working Conditions

The environment, terms, and circumstances under which an individual is employed, including hours, physical aspects, legal rights, and responsibilities.

Tariff of Abominations

The nickname given to the Tariff Act of 1828, which imposed high duties on imports and was highly controversial, particularly in the Southern United States, which felt it economically disadvantaged them.