Variableexpenses are divided into avoidable and unavoidable costs.
举一反三
- Relevantcosts may include fixed avoidable costs.
- Unavoidable costs do not include commoncosts.
- Private solutions may not be possible due to the costs of negotiating and enforcing these solutions. Such costs are called A: transaction costs. B: corrective costs. C: input costs. D: private costs.
- Which of the following costs are always irrelevant in decision making? A: avoidable costs B: sunk costs C: opportunity costs D: fixed costs
- A firm that shuts down temporarily has to pay A: its variable costs but not its fixed costs. B: its fixed costs but not its variable costs. C: both its variable costs and its fixed costs. D: neither its variable costs nor its fixed costs.