The Sum of the Expenses of a Firm That Is

question 208

Multiple Choice

The sum of the expenses of a firm that is stable and does not change with the quantity of the product that is produced and sold is referred to as

• A)fixed cost.
• B)total cost.
• C)variable cost.
• D)marginal cost.
• E)overhead cost.

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Definitions:

William Graham Sumner

A prominent American sociologist and economist known for his contributions to social Darwinism and conflict theory.

Sociological Topic

A subject or area of study within the field of sociology, focusing on human society, social behavior, and social structures.

Culture

The social behavior, norms, knowledge, beliefs, arts, laws, and customs of a group of people or society.

Cultural Diversification

The process by which a society becomes more varied in terms of cultural beliefs, practices, and expressions.