Which of the Following Statements Is True of Fixed and Variable

question 21

Multiple Choice

Which of the following statements is true of fixed and variable costs?

• A)Both costs are constant when considered on a total basis.
• B)Variable costs are constant in total,and fixed costs are constant per unit.
• C)Both costs are constant when considered on a per unit basis.
• D)Fixed costs are constant in total,and variable costs are constant per unit.

Understand the various perspectives on the causes of abnormal psychological functioning.

Identify the components and considerations that define abnormal behavior and mental illness.

Recognize the historical approaches and developments in the treatment of mental illness.

Comprehend the impact and role of legislation and policies in the treatment and perception of mental health issues.

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Definitions:

International Trade

The exchange of goods and services between countries, which can increase market competition and lead to better product diversity and lower prices.

World Price

The global market price of a good or service when it is traded internationally.

Free Trade

The economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move across borders without regulatory or tariff barriers.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors, underpinning the rationale for international trade.