( ) are the sum of the fixed and variable costs for any given level of production.
举一反三
- Costs that change with the level of production are referred to as ________. A: fixed costs B: variable costs C: target costs D: total costs
- Variable costs are costs that change with the level of production.
- 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.
- Production costs of product Z vary depending on the level of activity. Costs recorded at various levels of activity have been as follows:How much is the fixed cost of production?<br/>______
- Production costs of product Z vary depending on the level of activity. Costs have been recorded at various levels of activity as follows:What is the variable cost per unit?<br/>______