Variable Cost Refers to

question 17

Multiple Choice

Variable cost refers to

• A)the sum of the expenses of the firm that are stable and do not change with the quantity of a product that is produced and sold.
• B)the sum of the expenses of the firm that change with the quantity of a product that is produced and sold.
• C)the total expense incurred by a firm in producing and marketing a product,which equals the sum of fixed cost and marginal cost.
• D)the average amount of money received for selling one unit of a product or simply the price of that unit.
• E)the change in total cost that results from producing and marketing one additional unit of a product.

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Definitions:

Spinotrapezius

A back muscle that assists in moving the scapula for the lifting of the arm.

Masseter

A facial muscle that plays a major role in the chewing of food by raising the lower jaw towards the upper jaw.

Elevate Mandible

Elevating the mandible refers to the action of lifting or closing the lower jaw, a movement primarily facilitated by the masseter and temporalis muscles.

Mylohyoid

A muscle beneath the chin that plays a role in elevating the floor of the mouth during swallowing.