Within the Relevant Range,variable Cost Per Unit Will

question 27

Multiple Choice

Within the relevant range,variable cost per unit will:

• A)increase as the level of activity increases.
• B)remain constant.
• C)decrease as the level of activity increases.
• D)none of these.

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Definitions:

Least Possible Cost

The minimum expense required to achieve a particular economic objective.

General Equilibrium

A situation in which supply and demand are balanced across all markets in the economy.

Simultaneously Equilibrium

A condition in which demand and supply are balanced at the same time across multiple markets or within a complex system.

Capital Flow

The movement of money for the purpose of investment, trade, or business production between countries.