An Industry in Which an Increase in Output Leads to a Reduction

question 407

Multiple Choice

An industry in which an increase in output leads to a reduction in long-run per-unit costs is a(n)

• A) increasing-cost industry.
• B) constant-cost industry.
• C) break-even cost industry.
• D) decreasing-cost industry.

---

Definitions:

Time-Driven

A term related to activity-based costing that assigns costs based on the amount of time required to complete a task.

Resolving Queries

The process of addressing and clarifying doubts or questions that arise in any context, ensuring understanding or resolving issues.

Time-Driven

Pertaining to operations or processes that are initiated, executed, or measured based on time.

Activity-Based Costing

A method in accounting that assigns costs to products or services based on the activities and resources that go into producing them, aiming for more accurate costing.