Select the Incorrect Statement Regarding Fixed and Variable Costs

question 144

Multiple Choice

Select the incorrect statement regarding fixed and variable costs.

• A) Fixed cost per unit remains constant as the number of units increases.
• B) Total variable cost is represented by a straight line sloping upward from the origin when total variable cost is graphed versus number of units.
• C) The concept of relevant range applies to both fixed costs and variable costs.
• D) The terms "fixed" and "variable" refer to the behavior of total cost.

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Definitions:

Dominant Mass Medium

The most influential form of media in society that reaches and impacts a large audience, such as television or the internet.

Media Conglomerates

Large corporations that own a wide variety of media companies across different platforms, such as television, radio, publishing, and the internet.

Creative Capabilities

The ability to generate innovative ideas, approaches, or solutions, often resulting in artistic or novel outcomes.

Media Convergence

The merging of distinct technologies, industries, or media forms into a unified platform for creating and distributing content.