Select the Incorrect Statement Regarding the Relevant Range of Volume

question 2

Multiple Choice

Select the incorrect statement regarding the relevant range of volume.

• A) Total fixed costs are expected to remain constant.
• B) Total variable costs are expected to vary in direct proportion with changes in volume.
• C) Variable cost per unit is expected to remain constant.
• D) Total cost per unit is expected to remain constant.

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Definitions:

Reproducible Resources

Resources that can be grown, naturally replenished, or reproduced to sustain their availability over time, unlike finite resources.

Capital Goods

Long-term physical assets utilized by businesses to produce goods and services.

Single Tax

A tax system with only one type of tax, often proposed to simplify the tax structure and eliminate inefficiencies.

Henry George

A 19th-century economist known for his advocacy for a single tax on land value to improve social and economic inequalities.