What Is Characteristic of Variable Costs Within the Relevant Range

question 31

Multiple Choice

What is characteristic of variable costs within the relevant range?

• A) decrease in total as output increases
• B) stay constant in total as output increases
• C) decrease on a per unit basis as output increases
• D) stay constant on a per unit basis as output changes

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Definitions:

Heritability

An estimate of the proportion of trait variability within a population that is due to genetic differences between individuals.

Population Size

The total number of individuals within a species living in a specific area at a given time, affecting genetic diversity and the potential for evolution.

Extended Phenotype

Extended phenotype refers to the idea that the phenotype of an organism should not be limited to the biological processes occurring within the organism itself, but should also include the effects that the organism has on its environment, including other organisms.

Organism

A living entity that can grow, reproduce, metabolize, respond to stimuli, and maintain homeostasis.