The Costs That a Firm Incurs When It Changes Its

question 199

Multiple Choice

The costs that a firm incurs when it changes its production level are ________ costs.

• A) adjustment
• B) accelerated
• C) sunk
• D) depreciation

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Definitions:

Passing Through

A term used to describe a line, curve, or surface meeting or going through a particular point or set of points.

Points

Specific locations in a space, defined by coordinates, with no dimension or size.

Slope

The measure of the steepness of a line, typically represented as the ratio of the vertical change to the horizontal change between two points on the line.

Points

The basic unit of geometry, representing a location in space with no dimension.