Lower Levels of Capacity Utilization Impose Higher Costs on Firms

question 8

True/False

Lower levels of capacity utilization impose higher costs on firms (as fixed costs are spread over a smaller volume of business).This encourages firms to raise prices.

---

Definitions:

Paste Numbers

The action of inserting only the numeric data from a copied selection, excluding any text or formatting.

Values

In computing, discrete data represented or stored within a variable or a constant in programming languages.

Number Formatting

The way numerical data is displayed or printed, including the use of decimal points, commas, and currency symbols.

Commitment to Conformity

A psychological state where an individual consistently follows the norms, rules, or laws of a given group or society.