Which of the Following Costs Change in Total in Direct

question 25

Multiple Choice

Which of the following costs change in total in direct proportion to a change in volume?

• A) fixed costs
• B) variable costs
• C) mixed costs
• D) period costs

---

Definitions:

Utility Equilibrium

A state in consumer theory where a consumer efficiently allocates their income to maximize their total utility.

Marginal Utility Data

Marginal utility data refers to information that describes the change in utility or satisfaction a consumer derives from consuming one additional unit of a good or service.

Utility Maximization

The process by which individuals allocate their resources to maximize their subjective well-being or satisfaction.

Marginal Utility

The change in total satisfaction or utility that a consumer receives from consuming one additional unit of a good or service.